PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Hits New 52-Week High – Should You Buy?

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $100.75 and last traded at $100.76, with a volume of 331252 shares. The stock had previously closed at $100.71.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Trading Up 0.0 %

The stock has a fifty day simple moving average of $100.53 and a 200-day simple moving average of $100.48.

Hedge Funds Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 5.7% during the third quarter. JPMorgan Chase & Co. now owns 24,458,326 shares of the company’s stock worth $2,462,709,000 after purchasing an additional 1,312,168 shares during the last quarter. Virtue Capital Management LLC increased its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 14.7% in the third quarter. Virtue Capital Management LLC now owns 204,569 shares of the company’s stock valued at $20,598,000 after purchasing an additional 26,281 shares during the period. Arkadios Wealth Advisors increased its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 1.5% during the fourth quarter. Arkadios Wealth Advisors now owns 198,417 shares of the company’s stock valued at $19,909,000 after acquiring an additional 3,005 shares during the period. Icon Wealth Advisors LLC increased its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 6,636.1% during the third quarter. Icon Wealth Advisors LLC now owns 190,026 shares of the company’s stock valued at $19,134,000 after acquiring an additional 187,205 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 58.9% during the third quarter. BNP Paribas Financial Markets now owns 177,231 shares of the company’s stock valued at $17,845,000 after acquiring an additional 65,682 shares during the period.

About PIMCO Enhanced Short Maturity Exchange-Traded Fund

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.