PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Unusually-High Trading Volume – Time to Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw an uptick in trading volume on Tuesday . 309,746 shares changed hands during trading, an increase of 191% from the previous session’s volume of 106,495 shares.The stock last traded at $49.94 and had previously closed at $49.88.

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

The business has a fifty day moving average of $49.98 and a two-hundred day moving average of $50.11.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors lifted its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.4% during the 3rd quarter. Captrust Financial Advisors now owns 388,681 shares of the company’s stock worth $19,628,000 after acquiring an additional 39,893 shares during the period. Davis R M Inc. grew its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.7% during the 3rd quarter. Davis R M Inc. now owns 67,923 shares of the company’s stock valued at $3,430,000 after buying an additional 1,815 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% during the 4th quarter. AdvisorNet Financial Inc now owns 11,491 shares of the company’s stock worth $573,000 after buying an additional 660 shares during the last quarter. Anchor Investment Management LLC raised its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 71.4% in the 3rd quarter. Anchor Investment Management LLC now owns 6,000 shares of the company’s stock worth $303,000 after buying an additional 2,500 shares during the period. Finally, Sittner & Nelson LLC boosted its holdings 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 during the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

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.