PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Stock Price Down 0.1% – Time to Sell?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) was down 0.1% on Thursday . The company traded as low as $52.26 and last traded at $52.37. Approximately 192,901 shares traded hands during trading, an increase of 14% from the average daily volume of 169,496 shares. The stock had previously closed at $52.41.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The business’s 50 day simple moving average is $52.28 and its two-hundred day simple moving average is $52.36.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter worth about $848,000. Farmers & Merchants Investments Inc. acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 3rd quarter worth approximately $82,000. Morton Brown Family Wealth LLC grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 304.8% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 116,847 shares of the company’s stock worth $6,191,000 after acquiring an additional 87,979 shares during the last quarter. AlphaMark Advisors LLC increased its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.6% in the 3rd quarter. AlphaMark Advisors LLC now owns 14,970 shares of the company’s stock valued at $793,000 after acquiring an additional 240 shares during the period. Finally, Quotient Wealth Partners LLC raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 10.3% during the third quarter. Quotient Wealth Partners LLC now owns 372,636 shares of the company’s stock valued at $19,742,000 after acquiring an additional 34,649 shares during 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).