PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $50.32 and traded as high as $50.42. PIMCO Short Term Municipal Bond Exchange-Traded Fund shares last traded at $50.38, with a volume of 400,173 shares traded.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

The stock’s fifty day moving average is $49.87 and its 200-day moving average is $50.32.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Holos Integrated Wealth LLC acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at about $29,000. XP Advisory US Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter worth approximately $605,000. Bessemer Group Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $1,448,000. Farther Finance Advisors LLC boosted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 8.2% during the third quarter. Farther Finance Advisors LLC now owns 45,463 shares of the company’s stock worth $2,246,000 after purchasing an additional 3,432 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth approximately $2,924,000.

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. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).