PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading Up 0% – Time to Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price was up 0% during mid-day trading on Monday . The stock traded as high as $50.42 and last traded at $50.38. Approximately 106,381 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 116,872 shares. The stock had previously closed at $50.37.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

The company’s 50-day simple moving average is $50.42 and its 200-day simple moving average is $50.54.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 9.5% in the fourth quarter. Captrust Financial Advisors now owns 1,047,846 shares of the company’s stock valued at $52,843,000 after acquiring an additional 90,992 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after buying an additional 65,491 shares in the last quarter. John A. Wolfe & Associates Inc. acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth approximately $24,554,000. Davis R M Inc. grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% during the third quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock worth $3,667,000 after buying an additional 4,147 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth approximately $2,924,000.

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. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).