PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading Up 0.1% – Here’s What Happened

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price shot up 0.1% during mid-day trading on Friday . The stock traded as high as $50.75 and last traded at $50.75. 99,403 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 106,748 shares. The stock had previously closed at $50.72.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Up 0.1%

The stock has a 50-day simple moving average of $50.56 and a two-hundred day simple moving average of $50.51.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a $0.11 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 2.6%.

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

Several large investors have recently added to or reduced their stakes in the company. AIFG Consultants Ltd. boosted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% in the fourth quarter. AIFG Consultants Ltd. now owns 49,332 shares of the company’s stock worth $2,488,000 after buying an additional 1,620 shares during the period. Essex Bank acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter valued at $300,000. Farther Finance Advisors LLC lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 41.4% in the 4th quarter. Farther Finance Advisors LLC now owns 23,674 shares of the company’s stock worth $1,194,000 after acquiring an additional 6,929 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 89.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 34,065 shares of the company’s stock worth $1,718,000 after acquiring an additional 16,085 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after acquiring an additional 65,491 shares during the period.

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).