PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Strong Trading Volume – Should You Buy?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw an uptick in trading volume on Monday. Approximately 822,113 shares changed hands during trading, an increase of 125% from the previous session’s volume of 366,042 shares. The stock last traded at $49.5150 and had previously closed at $49.81.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The firm has a 50-day moving average of $51.37 and a 200-day moving average of $52.01.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several large investors have recently made changes to their positions in MUNI. WCG Wealth Advisors LLC raised its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% during the fourth quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock worth $45,311,000 after purchasing an additional 611,375 shares during the last quarter. Quotient Wealth Partners LLC boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.6% in the first quarter. Quotient Wealth Partners LLC now owns 345,489 shares of the company’s stock valued at $18,031,000 after purchasing an additional 21,361 shares during the last quarter. Morton Brown Family Wealth LLC grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.2% during the 1st quarter. Morton Brown Family Wealth LLC now owns 180,642 shares of the company’s stock worth $9,428,000 after purchasing an additional 10,466 shares during the period. Foster & Motley Inc. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 15.1% during the 1st quarter. Foster & Motley Inc. now owns 141,690 shares of the company’s stock worth $7,395,000 after purchasing an additional 18,596 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.2% during the 2nd quarter. GAMMA Investing LLC now owns 80,039 shares of the company’s stock valued at $4,210,000 after buying an additional 11,175 shares during the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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.