PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Large Volume Increase – What’s Next?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares saw unusually-strong trading volume on Wednesday . Approximately 208,435 shares traded hands during trading, an increase of 99% from the previous session’s volume of 104,718 shares.The stock last traded at $50.03 and had previously closed at $50.05.

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

The firm’s 50-day simple moving average is $49.98 and its two-hundred day simple moving average is $50.11.

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

Institutional investors and hedge funds have recently modified their holdings of the business. AIFG Consultants Ltd. purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter valued at approximately $2,027,000. Captrust Financial Advisors lifted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.4% during the third quarter. Captrust Financial Advisors now owns 388,681 shares of the company’s stock valued at $19,628,000 after buying an additional 39,893 shares during the period. Equitable Trust Co. purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter valued at approximately $271,000. Anchor Investment Management LLC lifted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 250.0% during the second quarter. Anchor Investment Management LLC now owns 3,500 shares of the company’s stock valued at $175,000 after buying an additional 2,500 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 133.7% during the fourth quarter. GAMMA Investing LLC now owns 4,164 shares of the company’s stock valued at $208,000 after buying an additional 2,382 shares during the period.

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.