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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $53.21 and last traded at $53.2150, with a volume of 187002 shares changing hands. The stock had previously closed at $53.16.

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

The company has a 50-day moving average price of $52.72 and a 200-day moving average price of $52.38.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.14 dividend. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of institutional investors have recently added to or reduced their stakes in MUNI. Goodman Advisory Group LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 2nd quarter valued at $26,000. Hilton Head Capital Partners LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter valued at $35,000. BNP Paribas Financial Markets boosted its stake in 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 buying an additional 853 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth approximately $69,000. Finally, Premier Financial Group acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter worth approximately $94,000.

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.