PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Strong Trading Volume

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares saw unusually-strong trading volume on Thursday . Approximately 173,963 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 155,929 shares.The stock last traded at $52.84 and had previously closed at $52.88.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The firm’s 50-day simple moving average is $52.56 and its 200 day simple moving average is $52.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MUNI. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at about $49,000. Sunbelt Securities Inc. boosted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 31.3% during the second quarter. Sunbelt Securities Inc. now owns 5,977 shares of the company’s stock valued at $311,000 after purchasing an additional 1,426 shares in the last quarter. Security National Bank of Sioux City Iowa IA acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at about $340,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at about $487,000. Finally, Bartlett & CO. Wealth Management LLC boosted its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 423.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 10,740 shares of the company’s stock valued at $568,000 after purchasing an additional 8,690 shares in the last quarter.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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).