PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Large Volume Increase – Time to Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares saw strong trading volume on Tuesday . 309,746 shares traded hands during mid-day trading, an increase of 191% from the previous session’s volume of 106,495 shares.The stock last traded at $49.94 and had previously closed at $49.88.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

The stock’s 50-day moving average is $49.98 and its 200 day moving average is $50.11.

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

A number of institutional investors and hedge funds have recently made changes to their positions in SMMU. AdvisorNet Financial Inc increased its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% in the 4th quarter. AdvisorNet Financial Inc now owns 11,491 shares of the company’s stock valued at $573,000 after buying an additional 660 shares during the period. GAMMA Investing LLC increased its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 133.7% during the fourth quarter. GAMMA Investing LLC now owns 4,164 shares of the company’s stock worth $208,000 after acquiring an additional 2,382 shares during the period. Anchor Investment Management LLC raised its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 71.4% during the third quarter. Anchor Investment Management LLC now owns 6,000 shares of the company’s stock worth $303,000 after purchasing an additional 2,500 shares in the last quarter. Captrust Financial Advisors lifted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.4% in the third quarter. Captrust Financial Advisors now owns 388,681 shares of the company’s stock valued at $19,628,000 after purchasing an additional 39,893 shares during the period. Finally, Davis R M Inc. boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.7% in the 3rd quarter. Davis R M Inc. now owns 67,923 shares of the company’s stock valued at $3,430,000 after purchasing an additional 1,815 shares in 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.