PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Hits New 12-Month High – Time to Buy?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $52.80 and last traded at $52.7850, with a volume of 104113 shares. The stock had previously closed at $52.78.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.0%

The firm’s 50-day moving average is $52.56 and its 200 day moving average is $52.14.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, December 31st. This is a boost from PIMCO Intermediate Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.13.

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

Hedge funds have recently bought and sold shares of the company. Magnolia Private Wealth LLC lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 162.4% in the 2nd quarter. Magnolia Private Wealth LLC now owns 20,585 shares of the company’s stock worth $1,057,000 after purchasing an additional 12,740 shares in the last quarter. Newman Dignan & Sheerar Inc. purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the second quarter worth $3,456,000. Vicus Capital boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 70.7% during the second quarter. Vicus Capital now owns 14,546 shares of the company’s stock valued at $747,000 after buying an additional 6,025 shares during the period. Ameriflex Group Inc. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 332.4% during the second quarter. Ameriflex Group Inc. now owns 7,399 shares of the company’s stock worth $379,000 after buying an additional 5,688 shares in the last quarter. Finally, Duncan Williams Asset Management LLC increased its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.7% in the 2nd quarter. Duncan Williams Asset Management LLC now owns 34,560 shares of the company’s stock worth $1,775,000 after acquiring an additional 249 shares during the last quarter.

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.