PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.48 and last traded at $50.34, with a volume of 14004 shares changing hands. The stock had previously closed at $50.28.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance
The company has a fifty day moving average price of $50.09 and a two-hundred day moving average price of $49.93.
Hedge Funds Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of SMMU. GAMMA Investing LLC purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at about $32,000. Bessemer Group Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter worth $123,000. Jones Financial Companies Lllp purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter valued at $141,000. Comerica Bank boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.8% in the first quarter. Comerica Bank now owns 8,275 shares of the company’s stock valued at $413,000 after acquiring an additional 597 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.8% during the first quarter. AdvisorNet Financial Inc now owns 10,505 shares of the company’s stock worth $524,000 after purchasing an additional 285 shares during the last quarter.
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.
Further Reading
- Five stocks we like better than PIMCO Short Term Municipal Bond Exchange-Traded Fund
- Insider Buying Explained: What Investors Need to Know
- Does GTA VI Make Take-Two Interactive Stock an Irresistible Buy?
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Why HPE’s Dip Is a Prime Opportunity for Blue-Chip AI Investors
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Why Analysts See Big Upside for Occidental Petroleum Despite Lows
Receive News & Ratings for PIMCO Short Term Municipal Bond Exchange-Traded Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Short Term Municipal Bond Exchange-Traded Fund and related companies with MarketBeat.com's FREE daily email newsletter.
