PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Unusually-High Trading Volume – What’s Next?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares saw an uptick in trading volume on Friday . 1,255,215 shares changed hands during trading, an increase of 459% from the previous session’s volume of 224,347 shares.The stock last traded at $50.41 and had previously closed at $50.76.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The business has a fifty day moving average of $51.75 and a 200-day moving average of $52.00.

Institutional Trading of PIMCO Intermediate Municipal Bond Exchange-Traded Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Compass Financial Services Inc purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter worth about $60,000. Ameriflex Group Inc. purchased a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter worth approximately $89,000. Trust Co. of Vermont acquired a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter valued at approximately $99,000. Millstone Evans Group LLC purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at approximately $207,000. Finally, Beaumont Financial Advisors LLC boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 5,435 shares of the company’s stock worth $281,000 after purchasing an additional 750 shares during the period.

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).