Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) saw unusually-high trading volume on Friday . Approximately 497,058 shares changed hands during trading, an increase of 220% from the previous session’s volume of 155,311 shares.The stock last traded at $52.42 and had previously closed at $52.38.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.1 %
The company’s fifty day moving average price is $52.20 and its 200-day moving average price is $52.22.
Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at approximately $49,000. ICA Group Wealth Management LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth $63,000. Crestwood Advisors Group LLC purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth $201,000. Security National Bank of Sioux City Iowa IA purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth $340,000. Finally, Certified Advisory Corp lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 34.3% during the fourth quarter. Certified Advisory Corp now owns 8,751 shares of the company’s stock valued at $462,000 after purchasing an additional 2,233 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).
Further Reading
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