PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Trading Down 0.1% – What’s Next?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNIGet Free Report)’s share price traded down 0.1% during mid-day trading on Monday . The company traded as low as $51.81 and last traded at $51.88. 264,297 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 294,933 shares. The stock had previously closed at $51.92.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The business has a 50-day moving average price of $51.99 and a two-hundred day moving average price of $52.29.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of large investors have recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth $60,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at $82,000. Trust Co. of Vermont acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $99,000. Crestwood Advisors Group LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at approximately $201,000. Finally, Beaumont Financial Advisors LLC raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 5,435 shares of the company’s stock valued at $281,000 after acquiring an additional 750 shares in the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

(Get Free Report)

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).

Further Reading

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