PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw unusually-strong trading volume on Friday . Approximately 250,892 shares traded hands during trading, an increase of 216% from the previous session’s volume of 79,376 shares.The stock last traded at $49.80 and had previously closed at $49.82.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Up 0.2 %

The firm’s fifty day simple moving average is $49.80 and its two-hundred day simple moving average is $49.94.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Private Trust Co. NA raised its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 50.6% during the fourth quarter. Private Trust Co. NA now owns 798 shares of the company’s stock valued at $40,000 after buying an additional 268 shares during the last quarter. Equitable Trust Co. purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter worth $271,000. Magnolia Private Wealth LLC bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter valued at about $350,000. Titleist Asset Management LLC grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.4% during the fourth quarter. Titleist Asset Management LLC now owns 10,095 shares of the company’s stock valued at $503,000 after purchasing an additional 517 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter worth about $524,000.

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.