PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $49.86 and last traded at $49.8790, with a volume of 13417 shares trading hands. The stock had previously closed at $49.92.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.1%
The business’s 50 day moving average price is $50.23 and its 200-day moving average price is $50.39.
Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund
Institutional investors and hedge funds have recently modified their holdings of the business. John A. Wolfe & Associates Inc. bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $24,554,000. Bank of New York Mellon Corp bought 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 position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth about $1,448,000. XP Advisory US Inc. bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the second quarter worth about $605,000. Finally, Worth Asset Management LLC bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter worth about $242,000.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile
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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