PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Plans Monthly Dividend of $0.15

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) announced a monthly dividend on Tuesday, December 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.15 per share on Monday, January 5th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, December 31st. This is a 15.4% increase from PIMCO Intermediate Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.13.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Down 0.2%

Shares of MUNI stock traded down $0.12 during mid-day trading on Wednesday, hitting $52.44. The company’s stock had a trading volume of 62,000 shares, compared to its average volume of 333,493. PIMCO Intermediate Municipal Bond Exchange-Traded Fund has a 52-week low of $49.58 and a 52-week high of $52.75. The business has a 50-day moving average price of $52.53 and a 200 day moving average price of $51.94.

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

A number of large investors have recently added to or reduced their stakes in the stock. Goodman Advisory Group LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 2nd quarter valued at $26,000. BNP Paribas Financial Markets lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 28,433.3% in the third quarter. BNP Paribas Financial Markets now owns 856 shares of the company’s stock valued at $45,000 after acquiring an additional 853 shares during the period. Premier Financial Group purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter worth about $94,000. Cullen Frost Bankers Inc. boosted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 183.6% in the second quarter. Cullen Frost Bankers Inc. now owns 2,382 shares of the company’s stock worth $122,000 after purchasing an additional 1,542 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at about $159,000.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.