PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Strong Trading Volume – Here’s Why

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw strong trading volume on Monday. Approximately 1,542,284 shares traded hands during mid-day trading, an increase of 189% from the average daily volume of 533,080 shares. The stock last traded at $51.1550 and had previously closed at $51.23.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.3%

The stock’s fifty day moving average price is $50.56 and its two-hundred day moving average price is $51.94.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several large investors have recently modified their holdings of MUNI. Nemes Rush Group LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter valued at approximately $57,000. Robinswood Financial LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter worth approximately $80,000. First Community Trust NA bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter worth approximately $182,000. Root Financial Partners LLC purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at approximately $210,000. Finally, FreeGulliver LLC purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter valued at approximately $261,000.

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.