PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Reaches New 12-Month High – Time to Buy?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $53.18 and last traded at $53.1750, with a volume of 86407 shares. The stock had previously closed at $53.13.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.1%

The firm’s fifty day moving average is $52.66 and its two-hundred day moving average is $52.32.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.14 per share. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, February 2nd.

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

Several large investors have recently modified their holdings of MUNI. JPMorgan Chase & Co. raised its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 1,243,849 shares of the company’s stock valued at $65,028,000 after buying an additional 74,920 shares during the last quarter. Princeton Global Asset Management LLC boosted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 11.8% during the fourth quarter. Princeton Global Asset Management LLC now owns 16,694 shares of the company’s stock worth $875,000 after purchasing an additional 1,761 shares in the last quarter. Quotient Wealth Partners LLC raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.0% during the fourth quarter. Quotient Wealth Partners LLC now owns 324,128 shares of the company’s stock worth $16,988,000 after acquiring an additional 21,196 shares during the period. Newman Dignan & Sheerar Inc. boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 9.6% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 118,574 shares of the company’s stock worth $6,214,000 after buying an additional 10,399 shares during the last quarter. Finally, Foster & Motley Inc. grew its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 36.7% during the fourth quarter. Foster & Motley Inc. now owns 123,094 shares of the company’s stock worth $6,451,000 after buying an additional 33,066 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). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.