PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Stock Price Down 0.3% – What’s Next?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) was down 0.3% during mid-day trading on Monday . The stock traded as low as $50.16 and last traded at $50.16. Approximately 44,524 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 46,375 shares. The stock had previously closed at $50.30.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.3 %

The business has a 50-day moving average price of $50.30 and a 200-day moving average price of $50.01.

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

A number of large investors have recently modified their holdings of SMMU. Bank of New York Mellon Corp increased its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 62,432 shares of the company’s stock valued at $3,113,000 after purchasing an additional 205 shares during the period. AdvisorNet Financial Inc raised its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.8% during the 1st quarter. AdvisorNet Financial Inc now owns 10,505 shares of the company’s stock worth $524,000 after buying an additional 285 shares during the last quarter. Comerica Bank lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.8% during the 1st quarter. Comerica Bank now owns 8,275 shares of the company’s stock valued at $413,000 after acquiring an additional 597 shares during the period. GAMMA Investing LLC purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at $32,000. Finally, Bessemer Group Inc. purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth $123,000.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

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.