PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Hits New 1-Year Low at $49.10

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMUGet Rating) shares hit a new 52-week low on Wednesday . The company traded as low as $49.10 and last traded at $49.16, with a volume of 105665 shares changing hands. The stock had previously closed at $49.13.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.1 %

The business has a fifty day moving average price of $49.66 and a two-hundred day moving average price of $49.65.

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

Large investors have recently made changes to their positions in the business. Titleist Asset Management LTD. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter worth approximately $310,000. Advisors Preferred LLC increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 12.5% in the first quarter. Advisors Preferred LLC now owns 21,520 shares of the company’s stock worth $1,073,000 after buying an additional 2,390 shares during the last quarter. NewSquare Capital LLC increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 68.7% in the second quarter. NewSquare Capital LLC now owns 29,875 shares of the company’s stock worth $1,483,000 after buying an additional 12,169 shares during the last quarter. Essex Financial Services Inc. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the second quarter worth approximately $337,000. Finally, Hallmark Capital Management Inc. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the second quarter worth approximately $281,000.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

(Get Rating)

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.

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