PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Reaches New 12-Month Low – Here’s Why

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) shares reached a new 52-week low during trading on Monday . The company traded as low as $45.50 and last traded at $49.76, with a volume of 171578 shares trading hands. The stock had previously closed at $50.16.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Stock Down 0.8 %

The company has a 50 day moving average of $50.05 and a two-hundred day moving average of $50.06.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 4,635.3% in the 1st quarter. GAMMA Investing LLC now owns 197,179 shares of the company’s stock worth $9,863,000 after purchasing an additional 193,015 shares in the last quarter. AdvisorNet Financial Inc raised its stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 21.8% during the first quarter. AdvisorNet Financial Inc now owns 13,998 shares of the company’s stock valued at $700,000 after buying an additional 2,507 shares during the last quarter. Captrust Financial Advisors boosted its holdings 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 worth $21,554,000 after acquiring an additional 43,791 shares in the last quarter. Titleist Asset Management LLC grew its stake 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 worth $503,000 after acquiring an additional 517 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 171.2% in the fourth quarter. JPMorgan Chase & Co. now owns 143,596 shares of the company’s stock worth $7,157,000 after acquiring an additional 90,640 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.