PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Unusually-High Trading Volume – Should You Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw strong trading volume on Wednesday . 1,532,169 shares were traded during mid-day trading, an increase of 2,073% from the previous session’s volume of 70,518 shares.The stock last traded at $49.57 and had previously closed at $49.53.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Up 0.2 %

The stock’s fifty day simple moving average is $49.92 and its 200 day simple moving average is $50.00.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 4,635.3% during the 1st quarter. GAMMA Investing LLC now owns 197,179 shares of the company’s stock valued at $9,863,000 after purchasing an additional 193,015 shares in the last quarter. JPMorgan Chase & Co. raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 171.2% in the 4th quarter. JPMorgan Chase & Co. now owns 143,596 shares of the company’s stock worth $7,157,000 after acquiring an additional 90,640 shares during the last quarter. Captrust Financial Advisors lifted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.3% during the 4th quarter. Captrust Financial Advisors now owns 432,472 shares of the company’s stock worth $21,554,000 after acquiring an additional 43,791 shares during the period. AIFG Consultants Ltd. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth about $2,027,000. Finally, Sierra Ocean LLC purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter valued at about $524,000.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

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.