PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Trading Up 0.1% – Here’s Why

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares rose 0.1% on Monday . The company traded as high as $51.77 and last traded at $51.73. Approximately 373,622 shares traded hands during mid-day trading, an increase of 82% from the average daily volume of 205,310 shares. The stock had previously closed at $51.68.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The firm’s 50-day simple moving average is $51.92 and its 200-day simple moving average is $52.20.

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

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 47.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,642,212 shares of the company’s stock worth $84,952,000 after buying an additional 528,871 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth about $29,311,000. Davis R M Inc. grew its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 12.6% in the 4th quarter. Davis R M Inc. now owns 310,750 shares of the company’s stock worth $16,075,000 after buying an additional 34,750 shares during the last quarter. OLD Mission Capital LLC bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter valued at $9,740,000. Finally, Morton Brown Family Wealth LLC raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 21.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 141,434 shares of the company’s stock worth $7,316,000 after purchasing an additional 24,587 shares in the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

PIMCO Intermediate Municipal Bond Strategy Fund, formerly, PIMCO Intermediate Municipal Bond ETF (the Fund), seeks to achieve its investment objective by investing at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds).