PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Hits New 1-Year High – Here’s Why

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) hit a new 52-week high during trading on Wednesday . The company traded as high as $100.74 and last traded at $100.7150, with a volume of 121136 shares. The stock had previously closed at $100.70.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Up 0.0%

The business has a fifty day moving average price of $100.58 and a two-hundred day moving average price of $100.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 4.4% during the 4th quarter. JPMorgan Chase & Co. now owns 32,615,613 shares of the company’s stock valued at $3,272,651,000 after buying an additional 1,368,763 shares during the period. NewEdge Advisors LLC increased its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 37.8% in the fourth quarter. NewEdge Advisors LLC now owns 463,424 shares of the company’s stock worth $46,500,000 after acquiring an additional 127,065 shares during the last quarter. Ibex Wealth Advisors acquired a new position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund in the first quarter worth $25,654,000. Moment Partners LLC purchased a new stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the first quarter worth $21,907,000. Finally, Arkadios Wealth Advisors raised its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 3.4% during the first quarter. Arkadios Wealth Advisors now owns 204,154 shares of the company’s stock worth $20,532,000 after acquiring an additional 6,708 shares in the last quarter.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Company Profile

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.