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

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) saw an uptick in trading volume on Friday . 90,299 shares traded hands during trading, a decline of 37% from the previous session’s volume of 142,539 shares.The stock last traded at $50.41 and had previously closed at $50.31.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.3 %

The stock has a 50-day moving average price of $50.17 and a two-hundred day moving average price of $51.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUNI. JPMorgan Chase & Co. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 98,808 shares of the company’s stock worth $5,237,000 after acquiring an additional 2,583 shares in the last quarter. Natixis Advisors L.P. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 92.5% in the first quarter. Natixis Advisors L.P. now owns 20,489 shares of the company’s stock worth $1,086,000 after acquiring an additional 9,844 shares in the last quarter. SVB Wealth LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at $291,000. Baird Financial Group Inc. grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1,626.1% in the 3rd quarter. Baird Financial Group Inc. now owns 279,306 shares of the company’s stock valued at $13,999,000 after acquiring an additional 263,125 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.6% in the 3rd quarter. Captrust Financial Advisors now owns 13,043 shares of the company’s stock valued at $654,000 after acquiring an additional 693 shares during the last quarter.

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).