PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Unusually-High Trading Volume – Here’s What Happened

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw unusually-strong trading volume on Tuesday . Approximately 309,746 shares changed hands during mid-day trading, an increase of 191% from the previous session’s volume of 106,495 shares.The stock last traded at $49.94 and had previously closed at $49.88.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Up 0.1 %

The company has a 50-day moving average price of $49.98 and a two-hundred day moving average price of $50.11.

Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in 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 valued at $19,628,000 after buying an additional 39,893 shares during the last quarter. Davis R M Inc. boosted its holdings in 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. AdvisorNet Financial Inc grew its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% during the 4th quarter. AdvisorNet Financial Inc now owns 11,491 shares of the company’s stock valued at $573,000 after purchasing an additional 660 shares in the last quarter. Anchor Investment Management LLC increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 71.4% during the 3rd quarter. Anchor Investment Management LLC now owns 6,000 shares of the company’s stock worth $303,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Sittner & Nelson LLC raised its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 17.5% in the 3rd 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.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

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.