PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Sees Large Volume Increase – Here’s Why

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) saw strong trading volume on Monday . 215,964 shares were traded during trading, an increase of 149% from the previous session’s volume of 86,886 shares.The stock last traded at $49.7950 and had previously closed at $49.58.

PIMCO Mortgage-Backed Securities Active ETF Trading Up 0.0%

The company has a 50-day moving average price of $49.76 and a two-hundred day moving average price of $49.25.

PIMCO Mortgage-Backed Securities Active ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, December 1st were issued a $0.20 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, December 1st.

Institutional Investors Weigh In On PIMCO Mortgage-Backed Securities Active ETF

An institutional investor recently bought a new position in PIMCO Mortgage-Backed Securities Active ETF stock. JPMorgan Chase & Co. purchased a new position in PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,100 shares of the company’s stock, valued at approximately $152,000.

About PIMCO Mortgage-Backed Securities Active ETF

The PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund invests in mortgage-backed securities, seeking actively managed risk-adjusted return potential. The fund aims to provide core, high-quality, intermediate-term exposure through fundamental selection and weighting.