Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) saw strong trading volume on Monday. Approximately 1,542,284 shares changed hands during mid-day trading, an increase of 189% from the average daily volume of 533,080 shares. The stock last traded at $51.1550 and had previously closed at $51.23.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Down 0.1%
The firm’s 50 day moving average is $50.59 and its 200 day moving average is $51.96.
Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
A number of large investors have recently added to or reduced their stakes in the company. Morton Brown Family Wealth LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at about $8,556,000. Newman Dignan & Sheerar Inc. bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter worth about $6,900,000. Hughes Financial Services LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at about $4,842,000. Bessemer Group Inc. purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $2,088,000. Finally, Staley Capital Advisers Inc. increased its holdings 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 valued at $2,229,000 after purchasing an additional 31,700 shares during the period.
About PIMCO Intermediate Municipal Bond Exchange-Traded Fund
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.
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