PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Hits New 12-Month Low – Time to Sell?

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) hit a new 52-week low during trading on Monday . The company traded as low as $51.38 and last traded at $51.39, with a volume of 32509 shares traded. The stock had previously closed at $51.43.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Down 0.2 %

The business’s 50-day simple moving average is $52.08 and its 200-day simple moving average is $52.34.

Hedge Funds Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 8.9% during the fourth quarter. GAMMA Investing LLC now owns 23,428 shares of the company’s stock worth $1,212,000 after buying an additional 1,922 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 25.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,113,341 shares of the company’s stock worth $58,985,000 after acquiring an additional 226,956 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 14.8% during the third quarter. Sunbelt Securities Inc. now owns 6,861 shares of the company’s stock valued at $364,000 after purchasing an additional 884 shares during the period. IHT Wealth Management LLC increased its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 93.2% in the third quarter. IHT Wealth Management LLC now owns 40,714 shares of the company’s stock valued at $2,155,000 after purchasing an additional 19,641 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 76.7% in the third quarter. Integrated Wealth Concepts LLC now owns 62,046 shares of the company’s stock worth $3,287,000 after purchasing an additional 26,941 shares during the period.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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).