PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Strong Trading Volume – Should You Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares saw an uptick in trading volume on Wednesday . 208,435 shares changed hands during trading, an increase of 99% from the previous session’s volume of 104,718 shares.The stock last traded at $50.03 and had previously closed at $50.05.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

The business has a fifty day moving average of $49.98 and a 200-day moving average of $50.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 3rd quarter valued at about $31,000. GAMMA Investing LLC increased its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 178.0% in the third quarter. GAMMA Investing LLC now owns 1,782 shares of the company’s stock valued at $90,000 after buying an additional 1,141 shares in the last quarter. Anchor Investment Management LLC grew its holdings in shares of 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 acquiring an additional 2,500 shares during the last quarter. Sittner & Nelson LLC raised its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 17.5% during the third quarter. Sittner & Nelson LLC now owns 4,700 shares of the company’s stock worth $237,000 after purchasing an additional 700 shares during the period. Finally, Equitable Trust Co. purchased a new stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter valued at $271,000.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

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.