PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Strong Trading Volume – What’s Next?

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw an uptick in trading volume on Tuesday . 230,847 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 173,610 shares.The stock last traded at $51.74 and had previously closed at $51.77.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The company has a 50 day simple moving average of $52.21 and a 200-day simple moving average of $52.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter worth approximately $82,000. Crestwood Advisors Group LLC purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter valued at about $201,000. Cozad Asset Management Inc. raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 52.0% during the third quarter. Cozad Asset Management Inc. now owns 5,845 shares of the company’s stock valued at $310,000 after acquiring an additional 2,000 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 31.3% during the second quarter. Sunbelt Securities Inc. now owns 5,977 shares of the company’s stock worth $311,000 after purchasing an additional 1,426 shares during the period. Finally, First Horizon Advisors Inc. bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter worth about $311,000.

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).