PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Share Price Crosses Below 200-Day Moving Average – Here’s Why

by · The Cerbat Gem

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $100.57 and traded as low as $100.38. PIMCO Enhanced Short Maturity Exchange-Traded Fund shares last traded at $100.38, with a volume of 2,860,734 shares traded.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Performance

The firm has a 50-day simple moving average of $100.55 and a 200 day simple moving average of $100.57.

Hedge Funds Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

A number of hedge funds have recently modified their holdings of MINT. Arkadios Wealth Advisors lifted its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 3.4% during the 1st quarter. Arkadios Wealth Advisors now owns 204,154 shares of the company’s stock worth $20,532,000 after acquiring an additional 6,708 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 6,619.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 18,209 shares of the company’s stock valued at $1,831,000 after purchasing an additional 17,938 shares during the last quarter. Mittelman Wealth Management acquired a new position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund in the first quarter valued at approximately $1,522,000. FreeGulliver LLC acquired a new position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund in the first quarter valued at approximately $1,150,000. Finally, FCA Corp TX increased its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 10.6% in the first quarter. FCA Corp TX now owns 15,792 shares of the company’s stock valued at $1,588,000 after purchasing an additional 1,508 shares during the period.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Company Profile

(Get Free Report)

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.

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