PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Large Volume Increase – Should You Buy?

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw strong trading volume on Tuesday . 38,126 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 51,580 shares.The stock last traded at $49.82 and had previously closed at $49.84.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

The business has a 50 day simple moving average of $50.02 and a 200-day simple moving average of $50.11.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC raised its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 71.4% in the 3rd quarter. Anchor Investment Management LLC now owns 6,000 shares of the company’s stock valued at $303,000 after buying an additional 2,500 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.4% in the 3rd quarter. Captrust Financial Advisors now owns 388,681 shares of the company’s stock worth $19,628,000 after acquiring an additional 39,893 shares in the last quarter. Davis R M Inc. raised its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.7% in the third quarter. Davis R M Inc. now owns 67,923 shares of the company’s stock valued at $3,430,000 after purchasing an additional 1,815 shares during the last quarter. Sittner & Nelson LLC lifted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 17.5% during the third quarter. Sittner & Nelson LLC now owns 4,700 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the third quarter worth about $31,000.

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.