PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) shares rose 0% on Monday . The stock traded as high as $50.40 and last traded at $50.31. Approximately 141,236 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 114,404 shares. The stock had previously closed at $50.30.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Up 0.1%
The company has a 50-day moving average price of $50.46 and a two-hundred day moving average price of $50.54.
Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund
Institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 9.5% in the 4th quarter. Captrust Financial Advisors now owns 1,047,846 shares of the company’s stock valued at $52,843,000 after purchasing an additional 90,992 shares during the period. JPMorgan Chase & Co. raised its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after buying an additional 65,491 shares in the last quarter. John A. Wolfe & Associates Inc. purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter worth $24,554,000. Davis R M Inc. boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% during the third quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock valued at $3,667,000 after buying an additional 4,147 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter valued at $2,924,000.
About PIMCO Short Term Municipal Bond Exchange-Traded Fund
PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax. The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds).
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