PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Shares Down 0.1%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) traded down 0.1% during trading on Friday . The company traded as low as $52.54 and last traded at $52.58. 124,828 shares were traded during trading, a decline of 20% from the average session volume of 155,094 shares. The stock had previously closed at $52.61.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The business’s 50-day simple moving average is $52.37 and its 200 day simple moving average is $52.23.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several hedge funds have recently added to or reduced their stakes in the business. Vermillion & White Wealth Management Group LLC bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter valued at approximately $49,000. Sunbelt Securities Inc. increased its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 31.3% in the second quarter. Sunbelt Securities Inc. now owns 5,977 shares of the company’s stock worth $311,000 after buying an additional 1,426 shares during the period. Security National Bank of Sioux City Iowa IA bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter valued at $340,000. Certified Advisory Corp raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 34.3% during the 4th quarter. Certified Advisory Corp now owns 8,751 shares of the company’s stock valued at $462,000 after buying an additional 2,233 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter valued at $487,000.

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).