PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) saw unusually-strong trading volume on Wednesday. Approximately 685,677 shares changed hands during trading, an increase of 58% from the previous session’s volume of 433,446 shares. The stock last traded at $49.5950 and had previously closed at $49.76.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Down 0.5%
The stock’s 50 day simple moving average is $51.06 and its two-hundred day simple moving average is $51.86.
Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth $35,000. Robinswood Financial LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $80,000. Provenance Wealth Advisors LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at about $156,000. FreeGulliver LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at about $261,000. Finally, Worth Asset Management LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first 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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