PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Trading 0% Higher – Time to Buy?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s share price rose 0% on Monday . The stock traded as high as $52.21 and last traded at $52.16. Approximately 135,356 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 275,739 shares. The stock had previously closed at $52.15.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.0 %

The stock’s fifty day simple moving average is $51.83 and its 200-day simple moving average is $52.25.

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

A number of large investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $89,000. 49 Wealth Management LLC grew its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 11.5% during the 4th quarter. 49 Wealth Management LLC now owns 7,796 shares of the company’s stock worth $403,000 after purchasing an additional 805 shares in the last quarter. Novem Group bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth $920,000. Security National Bank of Sioux City Iowa IA acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter valued at about $559,000. Finally, Elyxium Wealth LLC bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter worth about $310,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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).