PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $49.79 and last traded at $49.8650, with a volume of 156720 shares trading hands. The stock had previously closed at $49.86.
PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance
The firm has a 50 day moving average price of $50.20 and a 200-day moving average price of $50.36.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. XP Advisory US Inc. bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at about $605,000. Bessemer Group Inc. bought a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter worth approximately $1,448,000. Bank of New York Mellon Corp acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter valued at approximately $2,924,000. Worth Asset Management LLC acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter valued at approximately $242,000. Finally, John A. Wolfe & Associates Inc. bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter valued at approximately $24,554,000.
About PIMCO Short Term Municipal Bond Exchange-Traded Fund
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. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).
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