PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Shares Up 0.1%

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares were up 0.1% during mid-day trading on Friday . The stock traded as high as $52.34 and last traded at $52.33. Approximately 168,354 shares traded hands during trading, an increase of 12% from the average daily volume of 150,414 shares. The stock had previously closed at $52.29.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The business’s fifty day moving average price is $52.06 and its 200-day moving average price is $52.23.

Institutional Investors Weigh In On PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in MUNI. Rockland Trust Co. boosted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.8% in the second quarter. Rockland Trust Co. now owns 26,913 shares of the company’s stock worth $1,401,000 after purchasing an additional 222 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.7% in the fourth quarter. Private Trust Co. NA now owns 37,669 shares of the company’s stock worth $1,989,000 after buying an additional 271 shares during the last quarter. Janney Montgomery Scott LLC grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 3.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,337 shares of the company’s stock valued at $599,000 after buying an additional 413 shares during the period. Kingfisher Capital LLC grew its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.2% during the fourth quarter. Kingfisher Capital LLC now owns 13,236 shares of the company’s stock valued at $699,000 after buying an additional 659 shares during the period. Finally, AlphaMark Advisors LLC increased its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 8.6% during the first quarter. AlphaMark Advisors LLC now owns 11,330 shares of the company’s stock valued at $594,000 after buying an additional 900 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).