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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s share price shot up 0.1% during mid-day trading on Monday . The company traded as high as $51.95 and last traded at $51.92. 82,418 shares were traded during trading, a decline of 46% from the average session volume of 152,179 shares. The stock had previously closed at $51.89.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.1 %

The business has a 50-day moving average price of $52.33 and a 200-day moving average price of $51.82.

Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of institutional investors and hedge funds have recently modified their holdings of MUNI. Private Trust Co. NA raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 29.3% during the third quarter. Private Trust Co. NA now owns 37,398 shares of the company’s stock valued at $1,873,000 after buying an additional 8,465 shares during the period. Bank of New York Mellon Corp acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at $1,299,000. AlphaMark Advisors LLC raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 61.8% during the third quarter. AlphaMark Advisors LLC now owns 10,515 shares of the company’s stock valued at $526,000 after buying an additional 4,015 shares during the period. Newman Dignan & Sheerar Inc. acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter valued at $521,000. Finally, Financial Engines Advisors L.L.C. raised its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 3.6% during the third quarter. Financial Engines Advisors L.L.C. now owns 64,227 shares of the company’s stock valued at $3,216,000 after buying an additional 2,239 shares during the period.

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).