PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Hits New 52-Week Low – Time to Sell?

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

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Down 0.1 %

The stock has a 50 day moving average of $50.03 and a 200-day moving average of $50.09.

Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors raised its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 11.3% during the 4th quarter. Captrust Financial Advisors now owns 432,472 shares of the company’s stock valued at $21,554,000 after purchasing an additional 43,791 shares in the last quarter. JPMorgan Chase & Co. raised its position in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 171.2% during the 4th quarter. JPMorgan Chase & Co. now owns 143,596 shares of the company’s stock valued at $7,157,000 after purchasing an additional 90,640 shares in the last quarter. Davis R M Inc. raised its position in 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. AIFG Consultants Ltd. purchased a new position in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $2,027,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% in the 4th quarter. AdvisorNet Financial Inc now owns 11,491 shares of the company’s stock valued at $573,000 after acquiring an additional 660 shares during the period.

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.