PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Large Volume Increase – Here’s Why

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares saw unusually-high trading volume on Tuesday. 557,262 shares changed hands during mid-day trading, an increase of 19% from the previous session’s volume of 466,474 shares. The stock last traded at $49.9910 and had previously closed at $49.89.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The firm has a fifty day simple moving average of $50.90 and a 200 day simple moving average of $51.79.

Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of large investors have recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth approximately $2,088,000. Sterling Investment Advisors Ltd. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 26.2% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 45,700 shares of the company’s stock worth $2,385,000 after purchasing an additional 9,500 shares during the last quarter. Staley Capital Advisers Inc. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 288.2% during the 1st quarter. Staley Capital Advisers Inc. now owns 42,700 shares of the company’s stock worth $2,229,000 after purchasing an additional 31,700 shares during the last quarter. Ascentis Independent Advisors acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at $1,261,000. Finally, Princeton Global Asset Management LLC increased its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.8% in the first quarter. Princeton Global Asset Management LLC now owns 17,498 shares of the company’s stock valued at $913,000 after purchasing an additional 804 shares during the period.

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.