PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Strong Trading Volume – Should You Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw unusually-high trading volume on Friday . Approximately 119,499 shares traded hands during mid-day trading, an increase of 61% from the previous session’s volume of 74,425 shares.The stock last traded at $49.78 and had previously closed at $49.78.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.0 %

The stock has a 50-day moving average price of $49.84 and a 200-day moving average price of $49.95.

Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Hedge funds have recently bought and sold shares of the stock. Sierra Ocean LLC lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 12.3% during the first quarter. Sierra Ocean LLC now owns 11,801 shares of the company’s stock worth $590,000 after purchasing an additional 1,293 shares during the last quarter. AIFG Consultants Ltd. raised its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.8% during the 1st quarter. AIFG Consultants Ltd. now owns 42,198 shares of the company’s stock valued at $2,111,000 after buying an additional 1,533 shares in the last quarter. Farther Finance Advisors LLC lifted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.6% in the 1st quarter. Farther Finance Advisors LLC now owns 18,932 shares of the company’s stock worth $946,000 after buying an additional 1,332 shares during the last quarter. GAMMA Investing LLC boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 4,635.3% in the first quarter. GAMMA Investing LLC now owns 197,179 shares of the company’s stock worth $9,863,000 after buying an additional 193,015 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 21.8% in the first quarter. AdvisorNet Financial Inc now owns 13,998 shares of the company’s stock worth $700,000 after buying an additional 2,507 shares in the last quarter.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

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.