PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sets New 52-Week Low – Time to Sell?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares reached a new 52-week low on Thursday . The company traded as low as $51.22 and last traded at $51.26, with a volume of 91112 shares traded. The stock had previously closed at $51.36.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Down 0.2 %

The firm has a 50 day moving average price of $51.94 and a 200 day moving average price of $52.15.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Ameriflex Group Inc. purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth $89,000. 49 Wealth Management LLC raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 11.5% during the 4th quarter. 49 Wealth Management LLC now owns 7,796 shares of the company’s stock worth $403,000 after purchasing an additional 805 shares during the period. Novem Group purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth about $920,000. Security National Bank of Sioux City Iowa IA bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at about $559,000. Finally, Elyxium Wealth LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at about $310,000.

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).