PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Sets New 52-Week High – Should You Buy?

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $100.74 and last traded at $100.7150, with a volume of 121136 shares traded. The stock had previously closed at $100.70.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Price Performance

The stock has a 50-day moving average of $100.58 and a two-hundred day moving average of $100.53.

Institutional Investors Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

A number of large investors have recently made changes to their positions in MINT. Integrated Wealth Concepts LLC grew its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 70.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 5,137 shares of the company’s stock worth $517,000 after purchasing an additional 2,126 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 37.2% in the second quarter. Baird Financial Group Inc. now owns 25,424 shares of the company’s stock valued at $2,556,000 after purchasing an additional 6,888 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 131.6% in the second quarter. BNP Paribas Financial Markets now owns 165,922 shares of the company’s stock worth $16,681,000 after buying an additional 94,279 shares during the period. IHT Wealth Management LLC grew its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 7.2% during the second quarter. IHT Wealth Management LLC now owns 10,896 shares of the company’s stock valued at $1,095,000 after buying an additional 734 shares in the last quarter. Finally, Security National Bank of SO Dak purchased a new position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the second quarter valued at $286,000.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Company Profile

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.