PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $49.79 and last traded at $49.8650, with a volume of 156720 shares. The stock had previously closed at $49.86.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.1%
The stock has a fifty day simple moving average of $50.20 and a 200-day simple moving average of $50.36.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. XP Advisory US Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the second quarter valued at approximately $605,000. Bessemer Group Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter worth $1,448,000. Bank of New York Mellon Corp bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth $2,924,000. Worth Asset Management LLC bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth $242,000. Finally, John A. Wolfe & Associates Inc. bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth $24,554,000.
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).
Read More
- Five stocks we like better than PIMCO Short Term Municipal Bond Exchange-Traded Fund
- Think Outside the Box With These 3 Companies That Make Unusual Business Models Work
- 3 Surging Stocks That Don’t Need the AI Boom to Keep Winning
- Oil Tanker Rates Top $1 Million a Day—3 Ways Investors Can Trade the Surge
- Meta’s Muse Agent Has Wall Street Divided on Its AI Potential
Receive News & Ratings for PIMCO Short Term Municipal Bond Exchange-Traded Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Short Term Municipal Bond Exchange-Traded Fund and related companies with MarketBeat.com's FREE daily email newsletter.
