PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Hits New 52-Week High – Time to Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $51.97 and last traded at $50.06, with a volume of 11695 shares. The stock had previously closed at $49.98.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Price Performance

The company has a 50-day simple moving average of $50.27 and a 200 day simple moving average of $50.03.

Institutional Trading of PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several large investors have recently made changes to their positions in the company. Sittner & Nelson LLC grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 17.5% in the third quarter. Sittner & Nelson LLC now owns 4,700 shares of the company’s stock worth $237,000 after acquiring an additional 700 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 3rd quarter worth $31,000. GAMMA Investing LLC increased its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 178.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,782 shares of the company’s stock worth $90,000 after purchasing an additional 1,141 shares during the last quarter. Anchor Investment Management LLC raised its holdings in 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 valued at $175,000 after buying an additional 2,500 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 62,432 shares of the company’s stock valued at $3,113,000 after buying an additional 205 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.