PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Stock Price Up 0.1% – Here’s Why

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s share price shot up 0.1% on Thursday . The stock traded as high as $52.19 and last traded at $52.12. 243,950 shares changed hands during trading, an increase of 45% from the average session volume of 168,138 shares. The stock had previously closed at $52.08.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.1 %

The company has a fifty day moving average price of $52.41 and a two-hundred day moving average price of $52.31.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several large investors have recently added to or reduced their stakes in MUNI. First International Bank & Trust grew its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.0% in the second quarter. First International Bank & Trust now owns 80,418 shares of the company’s stock valued at $4,187,000 after purchasing an additional 5,258 shares during the period. Arden Trust Co grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.8% in the second quarter. Arden Trust Co now owns 133,361 shares of the company’s stock worth $6,943,000 after acquiring an additional 1,009 shares during the period. Duncan Williams Asset Management LLC increased its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.9% during the second quarter. Duncan Williams Asset Management LLC now owns 30,264 shares of the company’s stock worth $1,576,000 after acquiring an additional 2,214 shares during the last quarter. ORG Partners LLC purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the second quarter valued at $957,000. Finally, AlphaMark Advisors LLC grew its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 30.0% during the 2nd quarter. AlphaMark Advisors LLC now owns 14,730 shares of the company’s stock worth $767,000 after purchasing an additional 3,400 shares during the period.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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).