PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sets New 52-Week Low – Here’s What Happened

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) hit a new 52-week low during trading on Tuesday . The stock traded as low as $49.86 and last traded at $49.8790, with a volume of 13417 shares trading hands. The stock had previously closed at $49.92.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.1%

The firm’s fifty day moving average is $50.23 and its 200 day moving average is $50.39.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. John A. Wolfe & Associates Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at approximately $24,554,000. Bank of New York Mellon Corp acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter valued at $2,924,000. Bessemer Group Inc. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter valued at $1,448,000. XP Advisory US Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at $605,000. Finally, Worth Asset Management LLC acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter worth $242,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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).