PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Strong Trading Volume – Time to Buy?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares saw strong trading volume on Tuesday . 230,847 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 173,610 shares.The stock last traded at $51.74 and had previously closed at $51.77.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.2 %

The company has a fifty day moving average of $52.21 and a two-hundred day moving average of $52.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter valued at approximately $82,000. Crestwood Advisors Group LLC bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter worth approximately $201,000. Cozad Asset Management Inc. raised its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 52.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 5,845 shares of the company’s stock valued at $310,000 after purchasing an additional 2,000 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 31.3% in the second quarter. Sunbelt Securities Inc. now owns 5,977 shares of the company’s stock worth $311,000 after buying an additional 1,426 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 3rd quarter valued at $311,000.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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).