PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Hits New 12-Month High – Here’s What Happened

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) reached a new 52-week high on Tuesday . The company traded as high as $51.97 and last traded at $50.06, with a volume of 11695 shares changing hands. The stock had previously closed at $49.98.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.5 %

The stock has a fifty day moving average price of $50.25 and a two-hundred day moving average price of $50.03.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMMU. Creative Financial Designs Inc. ADV bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the third quarter valued at approximately $31,000. GAMMA Investing LLC purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the second quarter valued at approximately $32,000. Bessemer Group Inc. purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter valued at approximately $123,000. Anchor Investment Management LLC increased its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 250.0% during the second quarter. Anchor Investment Management LLC now owns 3,500 shares of the company’s stock valued at $175,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Sittner & Nelson LLC increased its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 17.5% during the third quarter. Sittner & Nelson LLC now owns 4,700 shares of the company’s stock valued at $237,000 after acquiring an additional 700 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.