PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Stock Price Up 0.1% – Here’s Why

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s stock price rose 0.1% on Monday . The company traded as high as $51.77 and last traded at $51.73. Approximately 373,622 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 205,310 shares. The stock had previously closed at $51.68.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.1 %

The stock’s 50 day moving average is $51.92 and its two-hundred day moving average is $52.19.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of hedge funds have recently added to or reduced their stakes in MUNI. Natixis Advisors LLC lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.4% in the third quarter. Natixis Advisors LLC now owns 15,076 shares of the company’s stock worth $799,000 after acquiring an additional 1,037 shares during the period. First Horizon Advisors Inc. purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at about $311,000. Davis R M Inc. lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 122.4% during the third quarter. Davis R M Inc. now owns 276,000 shares of the company’s stock valued at $14,622,000 after buying an additional 151,910 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 17.8% during the third quarter. Captrust Financial Advisors now owns 24,845 shares of the company’s stock valued at $1,316,000 after buying an additional 3,756 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 76.7% during the third quarter. Integrated Wealth Concepts LLC now owns 62,046 shares of the company’s stock valued at $3,287,000 after buying an additional 26,941 shares during the last quarter.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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).