PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Large Volume Increase – Time to Buy?

by · The Markets Daily

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) saw strong trading volume on Tuesday. Approximately 493,681 shares changed hands during trading, an increase of 297% from the previous session’s volume of 124,304 shares. The stock last traded at $49.4650 and had previously closed at $49.48.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Up 0.1%

The stock’s 50-day moving average price is $49.99 and its 200 day moving average price is $50.26.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Worth Asset Management LLC acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter valued at approximately $242,000. XP Advisory US Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the second quarter valued at about $605,000. Bessemer Group Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter valued at about $1,448,000. Bank of New York Mellon Corp acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter valued at about $2,924,000. Finally, John A. Wolfe & Associates Inc. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter valued at about $24,554,000.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

(Get Free Report)

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).

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