PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 281,883 shares traded hands during mid-day trading, an increase of 148% from the previous session’s volume of 113,802 shares.The stock last traded at $50.33 and had previously closed at $50.50.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance
The business’s fifty day moving average price is $50.42 and its 200 day moving average price is $50.54.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter valued at about $2,924,000. Worth Asset Management LLC acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter worth approximately $242,000. John A. Wolfe & Associates Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter valued at approximately $24,554,000. Hollencrest Capital Management boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1,378.7% in the fourth quarter. Hollencrest Capital Management now owns 21,145 shares of the company’s stock valued at $1,066,000 after acquiring an additional 19,715 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter valued at approximately $700,000.
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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