PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $50.07 and last traded at $50.0750, with a volume of 3215 shares changing hands. The stock had previously closed at $50.11.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.0%
The company has a fifty day moving average of $50.28 and a two-hundred day moving average of $50.42.
Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund
A number of hedge funds have recently bought and sold shares of SMMU. John A. Wolfe & Associates Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $24,554,000. Captrust Financial Advisors grew its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 9.5% during the fourth 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 last quarter. Bank of New York Mellon Corp acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter valued at $2,924,000. Bessemer Group Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter worth about $1,448,000. Finally, Hollencrest Capital Management grew its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1,378.7% during the 4th quarter. Hollencrest Capital Management now owns 21,145 shares of the company’s stock worth $1,066,000 after acquiring an additional 19,715 shares during the period.
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).
Featured Articles
- Five stocks we like better than PIMCO Short Term Municipal Bond Exchange-Traded Fund
- 3 AI Optical Networking Stocks Positioned for the Data Center Buildout
- 5 Defensive Stocks to Watch as CPI and the Fed Put the Rally to the Test
- Short Sellers Are Betting Against 3 AI Infrastructure Stocks—What Could Turn the Tide?
- Meta Platforms Is Set to Steal Google’s Advertsing Crown—What It Means for Investors
Receive News & Ratings for PIMCO Short Term Municipal Bond Exchange-Traded Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Short Term Municipal Bond Exchange-Traded Fund and related companies with MarketBeat.com's FREE daily email newsletter.
