PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $51.11 and last traded at $51.1650, with a volume of 413359 shares trading hands. The stock had previously closed at $51.12.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance
The firm has a 50-day moving average price of $51.82 and a 200-day moving average price of $52.23.
Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund
A number of large investors have recently added to or reduced their stakes in MUNI. Sterling Investment Advisors Ltd. boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 43.8% in the second quarter. Sterling Investment Advisors Ltd. now owns 65,700 shares of the company’s stock valued at $3,456,000 after acquiring an additional 20,000 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.2% during the 2nd quarter. GAMMA Investing LLC now owns 80,039 shares of the company’s stock worth $4,210,000 after purchasing an additional 11,175 shares during the last quarter. Robinswood Financial LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth approximately $80,000. Cozad Asset Management Inc. bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $379,000. Finally, FreeGulliver LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the first quarter valued at approximately $261,000.
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.
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