PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) Trading Down 0.6% – Here’s Why

PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) was down 0.6% during mid-day trading on Wednesday . The company traded as low as $49.84 and last traded at $49.86. Approximately 46,973 shares were traded during trading, a decline of 45% from the average daily volume of 85,055 shares. The stock had previously closed at $50.15.

PIMCO Mortgage-Backed Securities Active ETF Stock Performance

The business has a 50 day moving average of $49.65 and a 200-day moving average of $48.90.

PIMCO Mortgage-Backed Securities Active ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.22 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, October 1st.

Hedge Funds Weigh In On PIMCO Mortgage-Backed Securities Active ETF

An institutional investor recently bought a new position in PIMCO Mortgage-Backed Securities Active ETF stock. JPMorgan Chase & Co. purchased a new position in shares of PIMCO Mortgage-Backed Securities Active ETF (NASDAQ:PMBS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,100 shares of the company’s stock, valued at approximately $152,000.

PIMCO Mortgage-Backed Securities Active ETF Company Profile

The PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund (PMBS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund invests in mortgage-backed securities, seeking actively managed risk-adjusted return potential. The fund aims to provide core, high-quality, intermediate-term exposure through fundamental selection and weighting.