PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Hits New 12-Month High – Time to Buy?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $53.18 and last traded at $53.1750, with a volume of 86407 shares traded. The stock had previously closed at $53.13.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The firm has a 50 day moving average price of $52.71 and a 200 day moving average price of $52.35.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a $0.14 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.2%.

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

Large investors have recently bought and sold shares of the business. Goodman Advisory Group LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the second quarter valued at about $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter worth about $35,000. BNP Paribas Financial Markets increased its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 28,433.3% during the third quarter. BNP Paribas Financial Markets now owns 856 shares of the company’s stock valued at $45,000 after acquiring an additional 853 shares in the last quarter. Arax Advisory Partners purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at approximately $69,000. Finally, Premier Financial Group acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter worth approximately $94,000.

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.