PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) saw unusually-strong trading volume on Tuesday . Approximately 38,126 shares changed hands during mid-day trading, a decline of 26% from the previous session’s volume of 51,580 shares.The stock last traded at $49.82 and had previously closed at $49.84.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.2 %

The company has a fifty day moving average of $50.02 and a 200 day moving average of $50.11.

Hedge Funds Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.4% during the 3rd quarter. Captrust Financial Advisors now owns 388,681 shares of the company’s stock worth $19,628,000 after acquiring an additional 39,893 shares during the period. Davis R M Inc. boosted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 2.7% during the 3rd quarter. Davis R M Inc. now owns 67,923 shares of the company’s stock valued at $3,430,000 after purchasing an additional 1,815 shares in the last quarter. Bank of New York Mellon Corp grew its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 62,432 shares of the company’s stock worth $3,113,000 after purchasing an additional 205 shares during the period. Anchor Investment Management LLC increased its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 71.4% in the third quarter. Anchor Investment Management LLC now owns 6,000 shares of the company’s stock worth $303,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Sittner & Nelson LLC lifted its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 17.5% in the third quarter. Sittner & Nelson LLC now owns 4,700 shares of the company’s stock valued at $237,000 after buying an additional 700 shares during the period.

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.