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

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shot up 0% on Monday . The stock traded as high as $50.40 and last traded at $50.31. 141,236 shares were traded during mid-day trading, an increase of 23% from the average session volume of 114,404 shares. The stock had previously closed at $50.30.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Up 0.0%

The firm’s 50 day moving average is $50.48 and its two-hundred day moving average is $50.55.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SMMU. John A. Wolfe & Associates Inc. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $24,554,000. Captrust Financial Advisors increased its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 82.6% during the 3rd quarter. Captrust Financial Advisors now owns 956,854 shares of the company’s stock valued at $48,388,000 after acquiring an additional 432,791 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock valued at $48,486,000 after acquiring an additional 65,491 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $2,924,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at about $2,770,000.

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).