PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Hits New 12-Month Low – What’s Next?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $49.49 and last traded at $49.97, with a volume of 11858 shares changing hands. The stock had previously closed at $50.01.

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

The business has a fifty day simple moving average of $50.04 and a 200-day simple moving average of $50.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SMMU. Captrust Financial Advisors grew its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.3% in the fourth quarter. Captrust Financial Advisors now owns 432,472 shares of the company’s stock valued at $21,554,000 after acquiring an additional 43,791 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 171.2% in the 4th quarter. JPMorgan Chase & Co. now owns 143,596 shares of the company’s stock worth $7,157,000 after purchasing an additional 90,640 shares in the last quarter. Titleist Asset Management LLC grew its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.4% in the 4th quarter. Titleist Asset Management LLC now owns 10,095 shares of the company’s stock valued at $503,000 after purchasing an additional 517 shares during the period. Jones Financial Companies Lllp increased its stake in 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 valued at $556,000 after purchasing an additional 5,122 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 50.6% during the fourth quarter. Private Trust Co. NA now owns 798 shares of the company’s stock worth $40,000 after buying an additional 268 shares during the last quarter.

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.