PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $51.18 and last traded at $51.1950, with a volume of 189465 shares traded. The stock had previously closed at $51.62.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Down 0.8%
The company’s fifty day simple moving average is $52.02 and its 200-day simple moving average is $52.33.
Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
A number of large investors have recently bought and sold shares of MUNI. Bank of New York Mellon Corp boosted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 24.1% during the 1st quarter. Bank of New York Mellon Corp now owns 78,227 shares of the company’s stock valued at $4,083,000 after acquiring an additional 15,169 shares in the last quarter. Davis R M Inc. raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.6% in the 4th quarter. Davis R M Inc. now owns 333,667 shares of the company’s stock worth $17,487,000 after acquiring an additional 23,469 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth $2,399,000. Advisory Services Network LLC lifted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.7% during the 4th quarter. Advisory Services Network LLC now owns 8,998 shares of the company’s stock worth $472,000 after purchasing an additional 402 shares during the last quarter. Finally, Arax Advisory Partners purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth $69,000.
About PIMCO Intermediate Municipal Bond Exchange-Traded Fund
PIMCO Intermediate Municipal Bond Strategy Fund, formerly, PIMCO Intermediate Municipal Bond ETF (the Fund), seeks to achieve its investment objective by investing 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). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.
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