PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Hits New 12-Month Low – What’s Next?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNIGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.36 and last traded at $50.34, with a volume of 128061 shares trading hands. The stock had previously closed at $50.52.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Down 0.6%

The firm has a fifty day simple moving average of $51.50 and a 200-day simple moving average of $52.07.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of large investors have recently made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth approximately $35,000. Robinswood Financial LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth $80,000. Provenance Wealth Advisors LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth $156,000. FreeGulliver LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at about $261,000. Finally, Worth Asset Management LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at about $311,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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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.

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