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 unusually-strong trading volume on Tuesday . Approximately 725,498 shares traded hands during mid-day trading, an increase of 117% from the previous session’s volume of 333,767 shares.The stock last traded at $52.5650 and had previously closed at $52.56.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.0%

The firm’s 50 day simple moving average is $52.53 and its 200-day simple moving average is $51.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Goodman Advisory Group LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the second quarter worth about $26,000. BNP Paribas Financial Markets grew its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 28,433.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 856 shares of the company’s stock valued at $45,000 after buying an additional 853 shares during the period. Premier Financial Group acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter worth approximately $94,000. Cullen Frost Bankers Inc. raised its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 183.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,382 shares of the company’s stock valued at $122,000 after buying an additional 1,542 shares during the period. Finally, Heartwood Wealth Advisors LLC acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter valued at approximately $159,000.

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.