PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Stock Price Down 0.1% – What’s Next?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI)’s stock price dropped 0.1% on Monday . The company traded as low as $51.81 and last traded at $51.88. Approximately 264,297 shares changed hands during trading, a decline of 10% from the average daily volume of 294,933 shares. The stock had previously closed at $51.92.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The firm’s 50 day moving average price is $51.97 and its two-hundred day moving average price is $52.29.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 76.7% in the third quarter. Integrated Wealth Concepts LLC now owns 62,046 shares of the company’s stock worth $3,287,000 after acquiring an additional 26,941 shares during the period. Captrust Financial Advisors grew its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 17.8% during the 3rd quarter. Captrust Financial Advisors now owns 24,845 shares of the company’s stock valued at $1,316,000 after buying an additional 3,756 shares in the last quarter. Davis R M Inc. increased its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 122.4% during the third quarter. Davis R M Inc. now owns 276,000 shares of the company’s stock valued at $14,622,000 after buying an additional 151,910 shares during the period. First Horizon Advisors Inc. purchased a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the third quarter worth about $311,000. Finally, Natixis Advisors LLC lifted its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 7.4% in the third quarter. Natixis Advisors LLC now owns 15,076 shares of the company’s stock worth $799,000 after buying an additional 1,037 shares in the last quarter.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile

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).