PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading 0% Higher

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares were up 0% on Tuesday . The company traded as high as $49.96 and last traded at $49.93. Approximately 31,092 shares changed hands during trading, a decline of 28% from the average daily volume of 43,171 shares. The stock had previously closed at $49.92.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

The firm’s 50-day moving average is $49.77 and its 200-day moving average is $49.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank grew its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.8% in the first quarter. Comerica Bank now owns 8,275 shares of the company’s stock worth $413,000 after acquiring an additional 597 shares during the last quarter. Bessemer Group Inc. purchased a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 1st quarter valued at about $123,000. AdvisorNet Financial Inc increased its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.8% during the 1st quarter. AdvisorNet Financial Inc now owns 10,505 shares of the company’s stock valued at $524,000 after purchasing an additional 285 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter valued at about $141,000. Finally, Certified Advisory Corp raised its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 1.1% in the fourth quarter. Certified Advisory Corp now owns 43,921 shares of the company’s stock worth $2,197,000 after buying an additional 470 shares during the last quarter.

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.