PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Stock Price Down 0.1% – Time to Sell?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMUGet Free Report) dropped 0.1% during trading on Monday . The stock traded as low as $50.40 and last traded at $50.42. Approximately 51,885 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 106,858 shares. The stock had previously closed at $50.45.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.1%

The business has a fifty day moving average price of $50.48 and a 200 day moving average price of $50.35.

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

A number of hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 82.6% in the 3rd quarter. Captrust Financial Advisors now owns 956,854 shares of the company’s stock worth $48,388,000 after purchasing an additional 432,791 shares during the last quarter. Strategic Wealth Partners Ltd. acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter valued at about $582,000. Flow Traders U.S. LLC bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the third quarter valued at about $2,770,000. Davis R M Inc. grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% during the third quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock worth $3,667,000 after buying an additional 4,147 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after buying an additional 65,491 shares in the last quarter.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

(Get Free Report)

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.

Recommended Stories

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.