PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Shares Up 0.1%

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shot up 0.1% during mid-day trading on Monday . The stock traded as high as $49.62 and last traded at $49.57. 26,171 shares changed hands during trading, a decline of 42% from the average session volume of 45,191 shares. The stock had previously closed at $49.52.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Up 0.1 %

The company’s 50-day moving average price is $49.75 and its 200-day moving average price is $49.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Comerica Bank grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.8% in the first quarter. Comerica Bank now owns 8,275 shares of the company’s stock valued at $413,000 after purchasing an additional 597 shares in the last quarter. Bessemer Group Inc. bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter valued at $123,000. AdvisorNet Financial Inc grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.8% in the first quarter. AdvisorNet Financial Inc now owns 10,505 shares of the company’s stock valued at $524,000 after purchasing an additional 285 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $141,000. Finally, Certified Advisory Corp grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1.1% in the 4th quarter. Certified Advisory Corp now owns 43,921 shares of the company’s stock valued at $2,197,000 after acquiring an additional 470 shares during the period.

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.