PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading Down 0.1% – Should You Sell?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) dropped 0.1% on Wednesday . The stock traded as low as $50.00 and last traded at $50.03. Approximately 48,076 shares changed hands during trading, a decline of 57% from the average daily volume of 110,643 shares. The stock had previously closed at $50.06.

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

The firm’s fifty day simple moving average is $49.95 and its two-hundred day simple moving average is $50.11.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMMU. Creative Financial Designs Inc. ADV purchased a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter valued at approximately $31,000. Private Trust Co. NA lifted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 50.6% during the 4th quarter. Private Trust Co. NA now owns 798 shares of the company’s stock worth $40,000 after acquiring an additional 268 shares during the period. GAMMA Investing LLC increased its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 133.7% in the fourth quarter. GAMMA Investing LLC now owns 4,164 shares of the company’s stock worth $208,000 after acquiring an additional 2,382 shares during the period. Sittner & Nelson LLC boosted its stake in shares of 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 worth $237,000 after buying an additional 700 shares during the last quarter. Finally, Equitable Trust Co. purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter worth approximately $271,000.

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.