PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Large Volume Increase – Should You Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMUGet Free Report) saw strong trading volume on Friday . 167,583 shares traded hands during mid-day trading, an increase of 233% from the previous session’s volume of 50,254 shares.The stock last traded at $50.01 and had previously closed at $49.94.

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

The company’s fifty day moving average is $50.21 and its 200-day moving average is $50.04.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Institutional investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter valued at $31,000. GAMMA Investing LLC bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the second quarter valued at about $32,000. Bessemer Group Inc. purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter valued at about $123,000. Anchor Investment Management LLC grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 250.0% in the 2nd quarter. Anchor Investment Management LLC now owns 3,500 shares of the company’s stock worth $175,000 after buying an additional 2,500 shares during the last quarter. Finally, Sittner & Nelson LLC boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 17.5% in the third quarter. Sittner & Nelson LLC now owns 4,700 shares of the company’s stock valued at $237,000 after acquiring an additional 700 shares in the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

(Get Free Report)

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.

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