PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) Sets New 1-Year Low – Time to Sell?

PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI) hit a new 52-week low during trading on Monday . The company traded as low as $51.17 and last traded at $51.20, with a volume of 312569 shares changing hands. The stock had previously closed at $51.86.

PIMCO Intermediate Municipal Bond Exchange-Traded Fund Price Performance

The company’s 50 day moving average price is $51.90 and its two-hundred day moving average price is $52.08.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Compass Financial Services Inc purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at $60,000. Ameriflex Group Inc. purchased a new stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the 4th quarter valued at about $89,000. Trust Co. of Vermont acquired a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund in the fourth quarter valued at about $99,000. Millstone Evans Group LLC purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the fourth quarter worth about $207,000. Finally, Beaumont Financial Advisors LLC boosted its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 16.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 5,435 shares of the company’s stock worth $281,000 after buying an additional 750 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).