PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Hits New 1-Year Low – Time to Sell?

by · The Markets Daily

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $50.36 and last traded at $50.34, with a volume of 128061 shares changing hands. The stock had previously closed at $50.52.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Down 0.5%

The business has a fifty day moving average price of $51.42 and a two-hundred day moving average price of $52.03.

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

A number of institutional investors have recently bought and sold shares of MUNI. Sterling Investment Advisors Ltd. increased its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 43.8% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 65,700 shares of the company’s stock valued at $3,456,000 after purchasing an additional 20,000 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 worth $4,210,000 after purchasing an additional 11,175 shares during the period. Robinswood Financial LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter valued at approximately $80,000. Cozad Asset Management Inc. purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the first quarter valued at approximately $379,000. Finally, FreeGulliver LLC acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 1st quarter valued at approximately $261,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

(Get Free Report)

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.

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