PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Strong Trading Volume – What’s Next?

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw unusually-high trading volume on Friday . Approximately 575,374 shares changed hands during trading, an increase of 404% from the previous session’s volume of 114,192 shares.The stock last traded at $50.04 and had previously closed at $50.05.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.0 %

The stock’s 50-day simple moving average is $49.95 and its 200 day simple moving average is $50.11.

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

A number of institutional investors have recently bought and sold shares of SMMU. Jones Financial Companies Lllp boosted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 84.8% during the 4th quarter. Jones Financial Companies Lllp now owns 11,162 shares of the company’s stock worth $556,000 after purchasing an additional 5,122 shares in the last quarter. Private Trust Co. NA boosted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 50.6% during the 4th quarter. Private Trust Co. NA now owns 798 shares of the company’s stock worth $40,000 after purchasing an additional 268 shares in the last quarter. Magnolia Private Wealth LLC bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth about $350,000. Sierra Ocean LLC bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth about $524,000. Finally, Equitable Trust Co. bought a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund during the 4th quarter worth about $271,000.

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.