PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Shares Up 0% – What’s Next?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares were up 0% during mid-day trading on Monday . The stock traded as high as $50.34 and last traded at $50.30. Approximately 123,766 shares were traded during trading, an increase of 8% from the average session volume of 115,008 shares. The stock had previously closed at $50.29.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

The business’s fifty day moving average price is $50.33 and its 200-day moving average price is $50.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Worth Asset Management LLC bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $242,000. Essex Bank bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter valued at $300,000. Strategic Wealth Partners Ltd. purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 3rd quarter worth $582,000. XP Advisory US Inc. purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter worth $605,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter worth $700,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).