PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Reaches New 52-Week High – Still a Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $51.97 and last traded at $50.06, with a volume of 11695 shares changing hands. The stock had previously closed at $49.98.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.5 %

The business has a 50-day moving average price of $50.25 and a two-hundred day moving average price of $50.03.

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

A number of institutional investors have recently modified their holdings of SMMU. Creative Financial Designs Inc. ADV acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 3rd quarter worth about $31,000. GAMMA Investing LLC acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 2nd quarter worth about $32,000. Bessemer Group Inc. acquired a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 1st quarter worth about $123,000. Anchor Investment Management LLC increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 250.0% in the 2nd quarter. Anchor Investment Management LLC now owns 3,500 shares of the company’s stock worth $175,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Sittner & Nelson LLC increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 17.5% in the 3rd quarter. Sittner & Nelson LLC now owns 4,700 shares of the company’s stock worth $237,000 after purchasing an additional 700 shares in the last quarter.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Company Profile

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax.