PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Trading 0.1% Higher – Here’s What Happened

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s stock price was up 0.1% during trading on Thursday . The company traded as high as $52.50 and last traded at $52.45. Approximately 465,024 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 328,046 shares. The stock had previously closed at $52.41.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The stock’s fifty day moving average is $52.52 and its 200 day moving average is $51.79.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Goodman Advisory Group LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the second quarter valued at approximately $26,000. BNP Paribas Financial Markets raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 28,433.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 853 shares during the last quarter. Premier Financial Group purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter valued at $94,000. Cullen Frost Bankers Inc. boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 183.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,382 shares of the company’s stock worth $122,000 after purchasing an additional 1,542 shares during the period. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 250.6% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 3,001 shares of the company’s stock worth $155,000 after purchasing an additional 2,145 shares during the period.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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).