PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Shares Up 0% – Here’s Why

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) traded up 0% on Monday . The stock traded as high as $52.53 and last traded at $52.51. Approximately 421,825 shares traded hands during trading, an increase of 27% from the average daily volume of 332,348 shares. The stock had previously closed at $52.49.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.0%

The company’s 50 day moving average price is $52.36 and its two-hundred day moving average price is $52.54.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of MUNI. WCG Wealth Advisors LLC increased its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock worth $45,311,000 after acquiring an additional 611,375 shares during the period. JPMorgan Chase & Co. raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock worth $65,028,000 after acquiring an additional 74,920 shares in the last quarter. Wayfinding Financial LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth $2,399,000. Elyxium Wealth LLC increased its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% during the fourth quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock worth $5,400,000 after purchasing an additional 42,163 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth $2,088,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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.