PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Reaches New 1-Year High – Still a Buy?

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $100.81 and last traded at $100.77, with a volume of 1470481 shares trading hands. The stock had previously closed at $100.76.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Trading Down 0.3%

The firm’s 50-day moving average price is $100.61 and its two-hundred day moving average price is $100.55.

Hedge Funds Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

Large investors have recently bought and sold shares of the stock. Baker Boyer National Bank acquired a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the fourth quarter worth about $310,000. Providence First Trust Co boosted its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 25.2% in the 4th quarter. Providence First Trust Co now owns 191,520 shares of the company’s stock valued at $19,217,000 after purchasing an additional 38,503 shares during the period. Strategic Blueprint LLC grew its stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 4.8% during the 4th quarter. Strategic Blueprint LLC now owns 4,504 shares of the company’s stock worth $452,000 after buying an additional 207 shares during the last quarter. Alexis Investment Partners LLC grew its stake in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 12.5% during the 4th quarter. Alexis Investment Partners LLC now owns 88,084 shares of the company’s stock worth $8,836,000 after buying an additional 9,792 shares during the last quarter. Finally, West Michigan Advisors LLC increased its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 149.9% during the fourth quarter. West Michigan Advisors LLC now owns 40,826 shares of the company’s stock worth $4,111,000 after buying an additional 24,487 shares during the period.

About PIMCO Enhanced Short Maturity Exchange-Traded Fund

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.