PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading 0.1% Higher

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price was up 0.1% during mid-day trading on Monday . The company traded as high as $49.76 and last traded at $49.73. Approximately 27,373 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 45,962 shares. The stock had previously closed at $49.68.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Up 0.1 %

The firm’s fifty day moving average is $49.90 and its 200-day moving average is $49.76.

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

Hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth $50,000. Jones Financial Companies Lllp acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth $141,000. AdvisorNet Financial Inc lifted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 179.2% in the 4th quarter. AdvisorNet Financial Inc now owns 10,220 shares of the company’s stock worth $511,000 after buying an additional 6,559 shares during the last quarter. Watchman Group Inc. boosted its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 8.8% in the 3rd quarter. Watchman Group Inc. now owns 12,503 shares of the company’s stock valued at $612,000 after buying an additional 1,013 shares during the period. Finally, Certified Advisory Corp grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1.1% during the 4th quarter. Certified Advisory Corp now owns 43,921 shares of the company’s stock valued at $2,197,000 after buying an additional 470 shares during the last quarter.

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.