PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) saw unusually-high trading volume on Friday . Approximately 586,067 shares changed hands during mid-day trading, an increase of 1,092% from the previous session’s volume of 49,158 shares.The stock last traded at $49.93 and had previously closed at $50.07.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.2 %
The stock’s 50 day moving average is $50.29 and its two-hundred day moving average is $50.02.
Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund
Several hedge funds have recently modified their holdings of SMMU. Creative Financial Designs Inc. ADV purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter valued at about $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 about $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 about $123,000. Anchor Investment Management LLC lifted 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 buying an additional 2,500 shares during the last quarter. Finally, Sittner & Nelson LLC increased its holdings 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 in the last quarter.
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.
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