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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) hit a new 52-week high during trading on Wednesday . The stock traded as high as $52.75 and last traded at $52.7450, with a volume of 91885 shares. The stock had previously closed at $52.70.

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

The firm’s fifty day moving average is $52.52 and its two-hundred day moving average is $52.03.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were given a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 3.4%. This is an increase from PIMCO Intermediate Municipal Bond Exchange-Traded Fund’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, December 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.6% in the second quarter. Private Trust Co. NA now owns 34,172 shares of the company’s stock valued at $1,755,000 after purchasing an additional 205 shares during the period. Morton Brown Family Wealth LLC raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 14.0% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 192,730 shares of the company’s stock worth $9,899,000 after acquiring an additional 23,625 shares in the last quarter. Duncan Williams Asset Management LLC boosted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.7% in the 2nd quarter. Duncan Williams Asset Management LLC now owns 34,560 shares of the company’s stock worth $1,775,000 after purchasing an additional 249 shares in the last quarter. Ameriflex Group Inc. grew its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 332.4% during the second quarter. Ameriflex Group Inc. now owns 7,399 shares of the company’s stock worth $379,000 after acquiring an additional 5,688 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the second quarter valued at $3,456,000.

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.