PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Trading Up 0% – Here’s Why

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT)’s share price shot up 0% on Thursday . The stock traded as high as $100.42 and last traded at $100.42. 844,999 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 1,486,860 shares. The stock had previously closed at $100.38.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Stock Performance

The firm has a 50 day simple moving average of $100.49 and a 200-day simple moving average of $100.46.

Institutional Trading of PIMCO Enhanced Short Maturity Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently modified their holdings of MINT. JPMorgan Chase & Co. lifted its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 24,458,326 shares of the company’s stock valued at $2,462,709,000 after buying an additional 1,312,168 shares during the last quarter. Virtue Capital Management LLC increased its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 14.7% during the third quarter. Virtue Capital Management LLC now owns 204,569 shares of the company’s stock valued at $20,598,000 after acquiring an additional 26,281 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 1,771.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 195,412 shares of the company’s stock valued at $19,676,000 after acquiring an additional 184,968 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 6,636.1% in the 3rd quarter. Icon Wealth Advisors LLC now owns 190,026 shares of the company’s stock worth $19,134,000 after acquiring an additional 187,205 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 58.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 177,231 shares of the company’s stock worth $17,845,000 after purchasing an additional 65,682 shares during the period.

About PIMCO Enhanced Short Maturity Exchange-Traded Fund

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.