PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (NYSEARCA:SMMU) Shares Up 0.2%

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price shot up 0.2% during trading on Monday . The company traded as high as $49.53 and last traded at $49.53. 88,060 shares were traded during mid-day trading, an increase of 41% from the average session volume of 62,665 shares. The stock had previously closed at $49.44.

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund Price Performance

The stock has a 50-day moving average price of $49.05 and a 200 day moving average price of $49.31.

Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Active Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in SMMU. WealthPLAN Partners LLC acquired a new position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund in the first quarter valued at $75,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund by 982.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,155 shares of the company’s stock valued at $107,000 after acquiring an additional 1,956 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund by 1,505.7% in the third quarter. AdvisorNet Financial Inc now owns 3,661 shares of the company’s stock valued at $179,000 after acquiring an additional 3,433 shares during the last quarter. MAI Capital Management acquired a new position in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund in the first quarter valued at $249,000. Finally, Baird Financial Group Inc. boosted its holdings in PIMCO Short Term Municipal Bond Active Exchange-Traded Fund by 46.2% in the third quarter. Baird Financial Group Inc. now owns 6,940 shares of the company’s stock valued at $339,000 after acquiring an additional 2,194 shares during the last quarter.

PIMCO Short Term Municipal Bond Active Exchange-Traded Fund Company Profile

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax.