PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Unusually-High Trading Volume – What’s Next?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw unusually-high trading volume on Tuesday . Approximately 725,498 shares changed hands during trading, an increase of 117% from the previous session’s volume of 333,767 shares.The stock last traded at $52.5650 and had previously closed at $52.56.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The stock has a 50-day simple moving average of $52.53 and a 200 day simple moving average of $51.93.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of institutional investors have recently bought and sold shares of MUNI. Transcendent Capital Group LLC raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.3% during the third quarter. Transcendent Capital Group LLC now owns 17,012 shares of the company’s stock valued at $889,000 after acquiring an additional 217 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 24.3% during the third quarter. Jones Financial Companies Lllp now owns 121,842 shares of the company’s stock worth $6,366,000 after buying an additional 23,814 shares in the last quarter. Elyxium Wealth LLC grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 20.0% during the third quarter. Elyxium Wealth LLC now owns 60,864 shares of the company’s stock valued at $3,182,000 after buying an additional 10,128 shares during the period. Keyvantage Wealth LLC increased its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.1% in the third quarter. Keyvantage Wealth LLC now owns 135,649 shares of the company’s stock valued at $7,092,000 after buying an additional 1,487 shares in the last quarter. Finally, GGM Financials LLC raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 33.8% in the third quarter. GGM Financials LLC now owns 31,878 shares of the company’s stock worth $1,667,000 after acquiring an additional 8,053 shares during the period.

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.