PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $51.11 and last traded at $51.1650, with a volume of 413359 shares. The stock had previously closed at $51.12.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.0%
The company has a 50 day moving average of $51.88 and a 200-day moving average of $52.26.
Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund
A number of large investors have recently made changes to their positions in MUNI. Morton Brown Family Wealth LLC boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.2% in the first quarter. Morton Brown Family Wealth LLC now owns 180,642 shares of the company’s stock valued at $9,428,000 after acquiring an additional 10,466 shares in the last quarter. Foster & Motley Inc. lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 15.1% in the 1st quarter. Foster & Motley Inc. now owns 141,690 shares of the company’s stock worth $7,395,000 after purchasing an additional 18,596 shares during the period. AdvisorNet Financial Inc boosted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.9% during the 1st 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. Provenance Wealth Advisors LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $156,000. Finally, Worth Asset Management LLC purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter valued at about $311,000.
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.
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