PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Sees Strong Trading Volume – Should You Buy?

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) shares saw unusually-high trading volume on Thursday . Approximately 508,621 shares changed hands during trading, an increase of 568% from the previous session’s volume of 76,161 shares.The stock last traded at $50.06 and had previously closed at $50.22.

PIMCO Mortgage-Backed Securities Active ETF Price Performance

The firm has a 50-day moving average price of $50.11 and a 200 day moving average price of $49.82.

PIMCO Mortgage-Backed Securities Active ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Trading of PIMCO Mortgage-Backed Securities Active ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in PIMCO Mortgage-Backed Securities Active ETF in the 2nd quarter valued at about $152,000. Wayfinding Financial LLC bought a new position in shares of PIMCO Mortgage-Backed Securities Active ETF in the fourth quarter worth $2,725,000. Columbia River Financial Group LLC bought a new position in PIMCO Mortgage-Backed Securities Active ETF in the 4th quarter valued at about $245,000. Seven Mile Advisory bought a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF during the 4th quarter worth approximately $1,405,000. Finally, Studio Investment Management LLC bought a new stake in shares of PIMCO Mortgage-Backed Securities Active ETF during the 4th quarter worth approximately $203,000.

PIMCO Mortgage-Backed Securities Active ETF Company Profile

The PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund invests in mortgage-backed securities, seeking actively managed risk-adjusted return potential. The fund aims to provide core, high-quality, intermediate-term exposure through fundamental selection and weighting. PMBS was launched on Sep 20, 2024 and is issued by PIMCO.