PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Sets New 52-Week High – Still a Buy?

Shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) reached 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 trading hands. The stock had previously closed at $100.70.

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

The company has a fifty day moving average price of $100.59 and a two-hundred day moving average price of $100.54.

Hedge Funds Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Redwood Investment Management LLC increased its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 6.6% in the 1st quarter. Redwood Investment Management LLC now owns 8,019 shares of the company’s stock worth $806,000 after acquiring an additional 500 shares during the last quarter. Robinswood Financial LLC acquired a new position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the 1st quarter valued at about $491,000. Strategic Investment Advisors MI grew its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 15.9% in the first quarter. Strategic Investment Advisors MI now owns 53,916 shares of the company’s stock valued at $5,421,000 after purchasing an additional 7,385 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 3.4% in the first quarter. Arkadios Wealth Advisors now owns 204,154 shares of the company’s stock valued at $20,532,000 after purchasing an additional 6,708 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 6,619.2% during the first quarter. EverSource Wealth Advisors LLC now owns 18,209 shares of the company’s stock worth $1,831,000 after purchasing an additional 17,938 shares during the last quarter.

About PIMCO Enhanced Short Maturity Exchange-Traded Fund

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.