PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Strong Trading Volume – Should You Buy?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw an uptick in trading volume on Monday. Approximately 822,113 shares traded hands during trading, an increase of 125% from the previous session’s volume of 366,042 shares. The stock last traded at $49.5150 and had previously closed at $49.81.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The stock has a fifty day simple moving average of $51.37 and a 200-day simple moving average of $52.01.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter valued at $35,000. Robinswood Financial LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth about $80,000. Provenance Wealth Advisors LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth about $156,000. FreeGulliver LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $261,000. Finally, Worth Asset Management LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $311,000.

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