PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $50.14 and last traded at $50.1350, with a volume of 46223 shares traded. The stock had previously closed at $50.27.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance
The firm’s fifty day moving average price is $50.38 and its 200-day moving average price is $50.51.
Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund
A number of hedge funds have recently modified their holdings of the business. AIFG Consultants Ltd. grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 3.4% in the 4th quarter. AIFG Consultants Ltd. now owns 49,332 shares of the company’s stock valued at $2,488,000 after purchasing an additional 1,620 shares during the period. Worth Asset Management LLC acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter worth approximately $242,000. Essex Bank acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth approximately $300,000. Farther Finance Advisors LLC lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 41.4% in the fourth quarter. Farther Finance Advisors LLC now owns 23,674 shares of the company’s stock valued at $1,194,000 after buying an additional 6,929 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the third quarter valued at approximately $582,000.
About PIMCO Short Term Municipal Bond Exchange-Traded Fund
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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