PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sees Strong Trading Volume

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) shares saw strong trading volume on Thursday . 336,695 shares changed hands during trading, an increase of 125% from the previous session’s volume of 149,345 shares.The stock last traded at $51.79 and had previously closed at $51.76.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Performance

The firm’s fifty day moving average is $52.25 and its 200 day moving average is $51.90.

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

A number of institutional investors have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter valued at about $49,000. ICA Group Wealth Management LLC bought a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $63,000. Planned Solutions Inc. acquired a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the 4th quarter worth approximately $99,000. Crestwood Advisors Group LLC bought a new position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter worth approximately $201,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.1% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,486 shares of the company’s stock worth $225,000 after purchasing an additional 621 shares during the period.

About PIMCO Intermediate Municipal Bond Exchange-Traded Fund

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).