PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading Down 0.1% – Should You Sell?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $50.01 and last traded at $50.05. 127,829 shares traded hands during trading, an increase of 38% from the average session volume of 92,441 shares. The stock had previously closed at $50.08.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.1 %

The business has a fifty day simple moving average of $50.01 and a 200 day simple moving average of $50.11.

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

Several large investors have recently added to or reduced their stakes in SMMU. Captrust Financial Advisors raised its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.3% during the fourth quarter. Captrust Financial Advisors now owns 432,472 shares of the company’s stock worth $21,554,000 after purchasing an additional 43,791 shares during the period. JPMorgan Chase & Co. grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 171.2% during the 4th quarter. JPMorgan Chase & Co. now owns 143,596 shares of the company’s stock valued at $7,157,000 after buying an additional 90,640 shares during the last quarter. Davis R M Inc. grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.7% during the 3rd quarter. Davis R M Inc. now owns 67,923 shares of the company’s stock valued at $3,430,000 after buying an additional 1,815 shares during the last quarter. AIFG Consultants Ltd. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth about $2,027,000. Finally, AdvisorNet Financial Inc lifted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% in the fourth quarter. AdvisorNet Financial Inc now owns 11,491 shares of the company’s stock worth $573,000 after acquiring an additional 660 shares during 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.