PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Hits New 52-Week High at $50.49

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) hit a new 52-week high on Monday . The company traded as high as $50.49 and last traded at $50.44, with a volume of 918 shares trading hands. The stock had previously closed at $50.41.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

The business’s fifty day moving average price is $50.21 and its two-hundred day moving average price is $49.96.

Hedge Funds Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several institutional investors have recently made changes to their positions in SMMU. Anchor Investment Management LLC lifted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 250.0% in the second quarter. Anchor Investment Management LLC now owns 3,500 shares of the company’s stock worth $175,000 after buying an additional 2,500 shares in the last quarter. Bank of New York Mellon Corp lifted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 62,432 shares of the company’s stock valued at $3,113,000 after acquiring an additional 205 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 120.9% in the second quarter. Farther Finance Advisors LLC now owns 24,791 shares of the company’s stock valued at $1,232,000 after buying an additional 13,569 shares during the last quarter. Comerica Bank boosted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.8% during the 1st quarter. Comerica Bank now owns 8,275 shares of the company’s stock worth $413,000 after purchasing an additional 597 shares during the period. Finally, GAMMA Investing LLC purchased a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 2nd quarter worth $32,000.

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.