PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Trading Up 0% – Here’s What Happened

Shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) were up 0% on Thursday . The company traded as high as $52.52 and last traded at $52.52. Approximately 96,017 shares were traded during trading, a decline of 39% from the average daily volume of 158,561 shares. The stock had previously closed at $52.50.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The stock’s 50-day moving average is $52.68 and its 200 day moving average is $52.28.

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

Several institutional investors have recently made changes to their positions in MUNI. WCG Wealth Advisors LLC grew its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 18.3% during the 2nd quarter. WCG Wealth Advisors LLC now owns 543,290 shares of the company’s stock worth $28,284,000 after purchasing an additional 83,995 shares during the period. Quotient Wealth Partners LLC boosted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 10.3% during the 3rd quarter. Quotient Wealth Partners LLC now owns 372,636 shares of the company’s stock worth $19,742,000 after acquiring an additional 34,649 shares in the last quarter. Duncan Williams Asset Management LLC acquired a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 1st quarter worth $1,472,000. Transcendent Capital Group LLC acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $1,386,000. Finally, ORG Partners LLC acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 2nd quarter valued at $957,000.

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).