PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Shares Down 0.2% – Time to Sell?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) traded down 0.2% during mid-day trading on Monday. The company traded as low as $50.18 and last traded at $50.23. Approximately 292,814 shares changed hands during trading, an increase of 113% from the average daily volume of 137,305 shares. The stock had previously closed at $50.33.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

The firm has a 50-day moving average price of $49.87 and a 200-day moving average price of $50.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Prime Capital Investment Advisors LLC raised its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 44.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 75,646 shares of the company’s stock worth $3,738,000 after acquiring an additional 23,181 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $2,924,000. Farther Finance Advisors LLC boosted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 8.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 45,463 shares of the company’s stock valued at $2,246,000 after purchasing an additional 3,432 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $1,448,000. Finally, XP Advisory US Inc. acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter worth approximately $605,000.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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).