PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sets New 1-Year Low – Here’s Why

by · The Cerbat Gem

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $50.53 and last traded at $50.5640, with a volume of 67869 shares changing hands. The stock had previously closed at $50.59.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The business’s 50-day moving average price is $51.71 and its 200-day moving average price is $52.18.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of hedge funds have recently modified their holdings of MUNI. WCG Wealth Advisors LLC lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% in the fourth quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock valued at $45,311,000 after acquiring an additional 611,375 shares in the last quarter. Elyxium Wealth LLC lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 69.3% in the 4th quarter. Elyxium Wealth LLC now owns 103,027 shares of the company’s stock worth $5,400,000 after purchasing an additional 42,163 shares in the last quarter. Bessemer Group Inc. bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $2,088,000. Staley Capital Advisers Inc. grew 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 buying an additional 31,700 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter valued at approximately $1,261,000.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

(Get Free Report)

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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