PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Reaches New 12-Month Low – Here’s Why

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares hit a new 52-week low on Thursday . The stock traded as low as $51.22 and last traded at $51.26, with a volume of 91112 shares. The stock had previously closed at $51.36.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.4 %

The stock has a 50 day moving average of $51.93 and a 200-day moving average of $52.14.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.6% in the 4th quarter. Baird Financial Group Inc. now owns 82,757 shares of the company’s stock worth $4,281,000 after purchasing an additional 512 shares during the period. Beaumont Financial Advisors LLC grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 5,435 shares of the company’s stock valued at $281,000 after acquiring an additional 750 shares in the last quarter. 49 Wealth Management LLC increased its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 11.5% during the 4th quarter. 49 Wealth Management LLC now owns 7,796 shares of the company’s stock worth $403,000 after acquiring an additional 805 shares during the period. Sunbelt Securities Inc. lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 14.8% in the 3rd quarter. Sunbelt Securities Inc. now owns 6,861 shares of the company’s stock worth $364,000 after purchasing an additional 884 shares in the last quarter. Finally, Compass Financial Services Inc bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $60,000.

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).