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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares saw an uptick in trading volume on Friday. Approximately 1,847,197 shares traded hands during mid-day trading, an increase of 229% from the average daily volume of 561,281 shares. The stock last traded at $51.1050 and had previously closed at $51.31.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Down 0.4%

The business has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $51.90.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of hedge funds have recently bought and sold shares of MUNI. Nemes Rush Group LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter worth approximately $57,000. Robinswood Financial LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at $80,000. First Community Trust NA acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter worth approximately $182,000. Root Financial Partners LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter valued at about $210,000. Finally, FreeGulliver LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at approximately $261,000.

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.