PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) saw unusually-strong trading volume on Monday. Approximately 1,542,284 shares changed hands during mid-day trading, an increase of 189% from the average daily volume of 533,080 shares. The stock last traded at $51.1550 and had previously closed at $51.23.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance
The business has a 50 day moving average price of $50.59 and a two-hundred day moving average price of $51.96.
Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
Several institutional investors have recently bought and sold shares of MUNI. Hughes Financial Services LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter worth about $4,842,000. Morton Brown Family Wealth LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at approximately $8,556,000. Kingswood Wealth Advisors LLC boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 160.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 10,926 shares of the company’s stock valued at $543,000 after buying an additional 6,726 shares during the last quarter. Kendall Capital Management bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at approximately $576,000. Finally, Root Financial Partners LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at approximately $210,000.
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.
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