PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $50.36 and last traded at $50.34, with a volume of 128061 shares trading hands. The stock had previously closed at $50.52.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance
The business has a 50-day simple moving average of $51.50 and a two-hundred day simple moving average of $52.07.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in MUNI. Hilton Head Capital Partners LLC bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter worth about $35,000. Robinswood Financial LLC bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth $80,000. Provenance Wealth Advisors LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at $156,000. FreeGulliver LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at about $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth about $311,000.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile
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.
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