PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $51.90, up 0.08% on the session, giving a market capitalisation of $3.10B. Its beta of 0.79 implies it has historically moved less than the broad market.
MUNI is an actively managed municipal bond fund, meaning that its portfolio tilts are dynamic and can deviate quite a bit from neutral exposure. The fund principally invests in investment-grade municipal bonds that are exempt from federal alternative minimum tax. The fund focuses on bonds with potentially attractive current income by looking for consistent current yields or competitive prices. As an actively managed fund, duration, yield, and geographic biases are all liable to change quite a bit. The fund may, at its own discretion, use other investment techniques such as entering into purchase and sale contracts.
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund is most often compared with the following Financial Services names: