PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sets New 12-Month Low – Here’s What Happened

by · The Markets Daily

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $50.07 and last traded at $50.0750, with a volume of 3215 shares traded. The stock had previously closed at $50.11.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.0%

The company has a 50-day moving average price of $50.28 and a 200-day moving average price of $50.42.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SMMU. Worth Asset Management LLC acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the first quarter worth $242,000. Strategic Wealth Partners Ltd. bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter worth $582,000. XP Advisory US Inc. acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at $605,000. Janney Montgomery Scott LLC acquired a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $700,000. Finally, Hollencrest Capital Management increased its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1,378.7% in the 4th quarter. Hollencrest Capital Management now owns 21,145 shares of the company’s stock valued at $1,066,000 after buying an additional 19,715 shares in the last quarter.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

(Get Free Report)

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. The Fund seeks to achieve its investment objective by investing under normal circumstances 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).

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