PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading Up 0% – Here’s Why

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was up 0% during trading on Monday . The stock traded as high as $50.42 and last traded at $50.38. Approximately 106,381 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 116,872 shares. The stock had previously closed at $50.37.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.0%

The firm’s 50 day moving average is $50.42 and its 200 day moving average is $50.54.

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

Several large investors have recently added to or reduced their stakes in SMMU. Captrust Financial Advisors boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 13.6% in the second quarter. Captrust Financial Advisors now owns 524,063 shares of the company’s stock valued at $26,292,000 after acquiring an additional 62,582 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.2% in the third quarter. Jones Financial Companies Lllp now owns 23,404 shares of the company’s stock valued at $1,184,000 after acquiring an additional 1,151 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 191.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 17,980 shares of the company’s stock valued at $909,000 after acquiring an additional 11,805 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock valued at $48,486,000 after acquiring an additional 65,491 shares in the last quarter. Finally, Davis R M Inc. boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% in the third quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock valued at $3,667,000 after acquiring an additional 4,147 shares in the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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).