PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Hits New 1-Year Low – Here’s Why

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) reached a new 52-week low during trading on Tuesday . The stock traded as low as $51.18 and last traded at $51.1950, with a volume of 189465 shares changing hands. The stock had previously closed at $51.62.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The business’s fifty day moving average price is $52.02 and its two-hundred day moving average price is $52.33.

Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of MUNI. Provenance Wealth Advisors LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at approximately $156,000. Worth Asset Management LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth $311,000. Hanson & Doremus Investment Management lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 12.1% during the 1st quarter. Hanson & Doremus Investment Management now owns 64,059 shares of the company’s stock valued at $3,343,000 after purchasing an additional 6,920 shares during the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.6% during the 1st quarter. Quotient Wealth Partners LLC now owns 345,489 shares of the company’s stock valued at $18,031,000 after purchasing an additional 21,361 shares during the last quarter. Finally, Centennial Bank AR boosted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1,124.4% in the 4th quarter. Centennial Bank AR now owns 25,688 shares of the company’s stock worth $1,346,000 after purchasing an additional 23,590 shares in the last quarter.

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). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.