PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Unusually-High Trading Volume – Here’s Why

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw an uptick in trading volume on Wednesday. 685,677 shares changed hands during trading, an increase of 58% from the previous session’s volume of 433,446 shares. The stock last traded at $49.5950 and had previously closed at $49.76.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.0%

The firm has a fifty day simple moving average of $50.97 and a 200 day simple moving average of $51.83.

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

Several institutional investors have recently added to or reduced their stakes in MUNI. Hilton Head Capital Partners LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $35,000. Robinswood Financial LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter valued at approximately $80,000. Provenance Wealth Advisors LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at approximately $156,000. First Community Trust NA acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter valued at approximately $182,000. Finally, FreeGulliver LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $261,000.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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.