PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Reaches New 52-Week High – Here’s What Happened

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $52.80 and last traded at $52.7850, with a volume of 104113 shares. The stock had previously closed at $52.78.

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

The business has a fifty day simple moving average of $52.56 and a two-hundred day simple moving average of $52.14.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 3.4%. This is a positive change from PIMCO Intermediate Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, December 31st.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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.