PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Stock Breaks Above 200-Day Moving Average – Should You Sell?

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $50.32 and traded as high as $50.42. PIMCO Short Term Municipal Bond Exchange-Traded Fund shares last traded at $50.38, with a volume of 400,173 shares trading hands.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Up 0.2%

The firm has a fifty day moving average of $49.87 and a 200 day moving average of $50.32.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several large investors have recently bought and sold shares of the company. Holos Integrated Wealth LLC purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the third quarter valued at $29,000. Prime Capital Investment Advisors LLC grew its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 44.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 75,646 shares of the company’s stock valued at $3,738,000 after purchasing an additional 23,181 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in 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. XP Advisory US Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 2nd quarter valued at $605,000. Finally, Bessemer Group Inc. purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter worth $1,448,000.

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).