PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Hits New 12-Month Low – What’s Next?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s share price hit a new 52-week low on Tuesday. The stock traded as low as $49.41 and last traded at $49.50, with a volume of 1526428 shares trading hands. The stock had previously closed at $49.81.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.8%

The business has a fifty day moving average of $51.22 and a two-hundred day moving average of $51.94.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. WCG Wealth Advisors LLC grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 241.5% in the 4th quarter. WCG Wealth Advisors LLC now owns 864,545 shares of the company’s stock valued at $45,311,000 after acquiring an additional 611,375 shares during the period. Quotient Wealth Partners LLC raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.6% during the first quarter. Quotient Wealth Partners LLC now owns 345,489 shares of the company’s stock worth $18,031,000 after acquiring an additional 21,361 shares during the period. Morton Brown Family Wealth LLC raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 6.2% during the first quarter. Morton Brown Family Wealth LLC now owns 180,642 shares of the company’s stock worth $9,428,000 after acquiring an additional 10,466 shares during the period. Foster & Motley Inc. lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 15.1% during the first quarter. Foster & Motley Inc. now owns 141,690 shares of the company’s stock valued at $7,395,000 after purchasing an additional 18,596 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.2% during the second quarter. GAMMA Investing LLC now owns 80,039 shares of the company’s stock valued at $4,210,000 after purchasing an additional 11,175 shares in the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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). Municipal Bonds are issued by or on behalf of states and local governments and their agencies, authorities and other instrumentalities.