PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Shares Down 0.1% – Time to Sell?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares dropped 0.1% during trading on Wednesday . The stock traded as low as $50.01 and last traded at $50.05. Approximately 127,829 shares traded hands during trading, an increase of 38% from the average daily volume of 92,441 shares. The stock had previously closed at $50.08.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Performance

The business’s fifty day moving average price is $50.01 and its two-hundred day moving average price is $50.11.

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

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in 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 during the last quarter. Titleist Asset Management LLC grew its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 5.4% in the fourth 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 last quarter. Jones Financial Companies Lllp boosted its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 84.8% in 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 during the period. Private Trust Co. NA grew its holdings 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. Finally, 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.

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.