PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Trading Up 0.1%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was up 0.1% on Monday . The company traded as high as $51.95 and last traded at $51.92. Approximately 82,418 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 152,179 shares. The stock had previously closed at $51.89.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Down 0.0 %

The firm has a fifty day simple moving average of $52.32 and a two-hundred day simple moving average of $51.83.

Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth $656,000. Arden Trust Co grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 17.7% in the fourth quarter. Arden Trust Co now owns 125,365 shares of the company’s stock worth $6,619,000 after acquiring an additional 18,810 shares in the last quarter. EisnerAmper Wealth Management Corporate Benefits LLC increased its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 73.2% in the fourth quarter. EisnerAmper Wealth Management Corporate Benefits LLC now owns 14,514 shares of the company’s stock valued at $766,000 after acquiring an additional 6,133 shares during the last quarter. Natixis Advisors L.P. raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 20.7% during the third quarter. Natixis Advisors L.P. now owns 12,688 shares of the company’s stock valued at $635,000 after purchasing an additional 2,174 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.6% during the third quarter. Westside Investment Management Inc. now owns 37,593 shares of the company’s stock worth $1,882,000 after purchasing an additional 600 shares during the last quarter.

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).