PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Large Volume Increase – What’s Next?

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw strong trading volume on Friday . 119,499 shares changed hands during mid-day trading, an increase of 61% from the previous session’s volume of 74,425 shares.The stock last traded at $49.78 and had previously closed at $49.78.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

The firm has a 50-day moving average of $49.84 and a two-hundred day moving average of $49.95.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.3% in the 4th quarter. Captrust Financial Advisors now owns 432,472 shares of the company’s stock valued at $21,554,000 after acquiring an additional 43,791 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 4,635.3% in the first 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. lifted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 171.2% in the fourth quarter. JPMorgan Chase & Co. now owns 143,596 shares of the company’s stock worth $7,157,000 after purchasing an additional 90,640 shares during the period. AIFG Consultants Ltd. boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.8% during the first quarter. AIFG Consultants Ltd. now owns 42,198 shares of the company’s stock worth $2,111,000 after buying an additional 1,533 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.6% in the 1st quarter. Farther Finance Advisors LLC now owns 18,932 shares of the company’s stock valued at $946,000 after buying an additional 1,332 shares during the period.

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.