PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Reaches New 12-Month Low – Here’s Why

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) reached a new 52-week low on Tuesday . The stock traded as low as $50.53 and last traded at $50.5640, with a volume of 67869 shares. The stock had previously closed at $50.59.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.0%

The firm has a fifty day moving average of $51.64 and a two-hundred day moving average of $52.14.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several large investors have recently modified their holdings of MUNI. One Capital Management LLC grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.7% in the fourth quarter. One Capital Management LLC now owns 18,652 shares of the company’s stock worth $978,000 after acquiring an additional 305 shares in the last quarter. AdvisorNet Financial Inc raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.9% during the first quarter. AdvisorNet Financial Inc now owns 6,382 shares of the company’s stock valued at $333,000 after purchasing an additional 357 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at about $35,000. Princeton Global Asset Management LLC lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 4.8% during the first quarter. Princeton Global Asset Management LLC now owns 17,498 shares of the company’s stock worth $913,000 after purchasing an additional 804 shares during the last quarter. Finally, Robinswood Financial LLC bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter worth about $80,000.

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.