PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Stock Price Up 0.1% – Time to Buy?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s share price shot up 0.1% during trading on Thursday . The company traded as high as $52.19 and last traded at $52.12. 243,950 shares traded hands during trading, an increase of 45% from the average session volume of 168,138 shares. The stock had previously closed at $52.08.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The stock’s 50 day simple moving average is $52.41 and its 200-day simple moving average is $52.31.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

A number of large investors have recently modified their holdings of MUNI. WCG Wealth Advisors LLC grew its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 18.3% during the 2nd quarter. WCG Wealth Advisors LLC now owns 543,290 shares of the company’s stock worth $28,284,000 after purchasing an additional 83,995 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings 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 worth $19,742,000 after acquiring an additional 34,649 shares in the last quarter. Davis R M Inc. increased its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 122.4% in the 3rd quarter. Davis R M Inc. now owns 276,000 shares of the company’s stock valued at $14,622,000 after purchasing an additional 151,910 shares during the last quarter. Arden Trust Co raised its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 0.8% in the 2nd quarter. Arden Trust Co now owns 133,361 shares of the company’s stock valued at $6,943,000 after purchasing an additional 1,009 shares in the last quarter. Finally, Morton Brown Family Wealth LLC lifted its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 304.8% during the 3rd quarter. Morton Brown Family Wealth LLC now owns 116,847 shares of the company’s stock worth $6,191,000 after purchasing an additional 87,979 shares during the last quarter.

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).