PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sets New 1-Year Low – Time to Sell?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $49.49 and last traded at $49.97, with a volume of 11858 shares trading hands. The stock had previously closed at $50.01.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

The company’s 50 day moving average price is $50.04 and its 200-day moving average price is $50.09.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Captrust Financial Advisors lifted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.3% in the 4th quarter. Captrust Financial Advisors now owns 432,472 shares of the company’s stock worth $21,554,000 after purchasing an additional 43,791 shares during the period. JPMorgan Chase & Co. raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 171.2% during the fourth quarter. JPMorgan Chase & Co. now owns 143,596 shares of the company’s stock worth $7,157,000 after buying an additional 90,640 shares during the last quarter. AIFG Consultants Ltd. bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth $2,027,000. AdvisorNet Financial Inc lifted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% in the fourth 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. Finally, Jones Financial Companies Lllp boosted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 84.8% during the fourth quarter. Jones Financial Companies Lllp now owns 11,162 shares of the company’s stock valued at $556,000 after acquiring an additional 5,122 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.