PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) Sees Unusually-High Trading Volume – Should You Buy?

PIMCO Enhanced Short Maturity Exchange-Traded Fund (NYSEARCA:MINT) shares saw unusually-high trading volume on Thursday . Approximately 2,327,028 shares were traded during trading, an increase of 109% from the previous session’s volume of 1,111,155 shares.The stock last traded at $100.54 and had previously closed at $100.54.

PIMCO Enhanced Short Maturity Exchange-Traded Fund Price Performance

The company’s 50-day moving average price is $100.51 and its two-hundred day moving average price is $100.46.

Institutional Investors Weigh In On PIMCO Enhanced Short Maturity Exchange-Traded Fund

A number of institutional investors have recently made changes to their positions in MINT. Icon Wealth Advisors LLC boosted its holdings in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 6,636.1% in the third quarter. Icon Wealth Advisors LLC now owns 190,026 shares of the company’s stock worth $19,134,000 after purchasing an additional 187,205 shares during the period. Arkadios Wealth Advisors grew its position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund by 1,771.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 195,412 shares of the company’s stock valued at $19,676,000 after buying an additional 184,968 shares during the last quarter. Arrow Financial Corp bought a new position in PIMCO Enhanced Short Maturity Exchange-Traded Fund in the second quarter worth about $11,022,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PIMCO Enhanced Short Maturity Exchange-Traded Fund during the third quarter valued at approximately $6,643,000. Finally, BNP Paribas Financial Markets increased its position in PIMCO Enhanced Short Maturity Exchange-Traded Fund by 58.9% in the third quarter. BNP Paribas Financial Markets now owns 177,231 shares of the company’s stock worth $17,845,000 after buying an additional 65,682 shares during the period.

About PIMCO Enhanced Short Maturity Exchange-Traded Fund

PIMCO Enhanced Short Maturity ETF (the Fund), formerly PIMCO Enhanced Short Maturity Strategy Fund, is an exchange-traded fund. The Fund seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund focuses on short maturity fixed income instruments. The Fund seeks to achieve its investment objective by investing at least 65% of its total assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards.