PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $50.12 and last traded at $50.1310, with a volume of 1475 shares traded. The stock had previously closed at $50.29.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.4%
The company has a fifty day moving average of $50.32 and a 200-day moving average of $50.45.
Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund
Several institutional investors have recently made changes to their positions in the company. John A. Wolfe & Associates Inc. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter worth approximately $24,554,000. Captrust Financial Advisors lifted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 9.5% in the 4th quarter. Captrust Financial Advisors now owns 1,047,846 shares of the company’s stock valued at $52,843,000 after purchasing an additional 90,992 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter valued at $2,924,000. Bessemer Group Inc. bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter worth $1,448,000. Finally, Hollencrest Capital Management increased its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1,378.7% during the fourth quarter. Hollencrest Capital Management now owns 21,145 shares of the company’s stock worth $1,066,000 after buying an additional 19,715 shares during the last quarter.
About PIMCO Short Term Municipal Bond Exchange-Traded Fund
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. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).
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