PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading Up 0.1%

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) traded up 0.1% during mid-day trading on Monday . The company traded as high as $49.76 and last traded at $49.73. 27,373 shares were traded during trading, a decline of 40% from the average session volume of 45,962 shares. The stock had previously closed at $49.68.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

The company has a 50-day moving average price of $49.90 and a 200-day moving average price of $49.76.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMMU. Bank of New York Mellon Corp acquired a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the third quarter worth $2,412,000. Watchman Group Inc. raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 8.8% during the 3rd quarter. Watchman Group Inc. now owns 12,503 shares of the company’s stock valued at $612,000 after purchasing an additional 1,013 shares during the last quarter. Anchor Investment Management LLC bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $50,000. AdvisorNet Financial Inc grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 179.2% in the 4th quarter. AdvisorNet Financial Inc now owns 10,220 shares of the company’s stock worth $511,000 after purchasing an additional 6,559 shares during the last quarter. Finally, Certified Advisory Corp increased its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1.1% during the 4th quarter. Certified Advisory Corp now owns 43,921 shares of the company’s stock worth $2,197,000 after purchasing an additional 470 shares during the period.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

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.