PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Stock Price Down 0.1% – Should You Sell?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) dropped 0.1% during trading on Monday . The stock traded as low as $51.81 and last traded at $51.88. Approximately 264,297 shares traded hands during trading, a decline of 10% from the average daily volume of 294,933 shares. The stock had previously closed at $51.92.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Trading Up 0.3 %

The business has a 50-day moving average price of $51.97 and a two-hundred day moving average price of $52.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 144.7% during the third quarter. GAMMA Investing LLC now owns 21,506 shares of the company’s stock valued at $1,139,000 after buying an additional 12,719 shares during the last quarter. Quotient Wealth Partners LLC lifted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 10.3% during the 3rd quarter. Quotient Wealth Partners LLC now owns 372,636 shares of the company’s stock valued at $19,742,000 after acquiring an additional 34,649 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 1.6% during the 3rd quarter. AlphaMark Advisors LLC now owns 14,970 shares of the company’s stock worth $793,000 after acquiring an additional 240 shares during the last quarter. Morton Brown Family Wealth LLC grew its stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 304.8% in the 3rd quarter. Morton Brown Family Wealth LLC now owns 116,847 shares of the company’s stock worth $6,191,000 after acquiring an additional 87,979 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter valued at about $82,000.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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).