PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Hits New 52-Week Low – Time to Sell?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $49.49 and last traded at $49.97, with a volume of 11858 shares changing hands. The stock had previously closed at $50.01.

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

The business has a fifty day moving average price of $50.03 and a 200-day moving average price of $50.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMMU. Private Trust Co. NA lifted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 50.6% in the fourth quarter. Private Trust Co. NA now owns 798 shares of the company’s stock valued at $40,000 after acquiring an additional 268 shares during the period. GAMMA Investing LLC lifted its holdings in 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 valued at $208,000 after acquiring an additional 2,382 shares during the period. Equitable Trust Co. bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter valued at about $271,000. Anchor Investment Management LLC lifted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 71.4% in the third quarter. Anchor Investment Management LLC now owns 6,000 shares of the company’s stock valued at $303,000 after acquiring an additional 2,500 shares during the period. Finally, Magnolia Private Wealth LLC bought a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the fourth quarter valued at about $350,000.

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.