PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading 0% Higher – What’s Next?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price traded up 0% during mid-day trading on Monday . The stock traded as high as $50.34 and last traded at $50.30. 123,766 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 115,008 shares. The stock had previously closed at $50.29.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

The stock has a 50 day simple moving average of $50.33 and a 200-day simple moving average of $50.46.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its holdings in 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 buying an additional 90,992 shares during the last quarter. John A. Wolfe & Associates Inc. purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth $24,554,000. Bank of New York Mellon Corp bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter valued at $2,924,000. AIFG Consultants Ltd. grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% during the 4th quarter. AIFG Consultants Ltd. now owns 49,332 shares of the company’s stock valued at $2,488,000 after acquiring an additional 1,620 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter worth $1,448,000.

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).