PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
Market cap $1.63B

52.12 USD

+0.38

0.73%

At close Nov 8, 4:00 PM EST

1 day

0.73%

5 days

-0.06%

1 month

-0.89%

3 months

-0.50%

6 months

-0.04%

Year to date

-1.12%

1 year

3.41%

5 years

-4.89%

0

Funds holding %

of 6,759 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

121% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 14

83% more funds holding in top 10

Funds holding in top 10: 6 [Q1] → 11 (+5) [Q2]

68% more repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 75

7% more funds holding

Funds holding: 260 [Q1] → 277 (+17) [Q2]

3% more capital invested

Capital invested by funds: $1.24B [Q1] → $1.27B (+$34.3M) [Q2]

4.06% less ownership

Funds ownership: 88.65% [Q1] → 84.59% (-4.06%) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for MUNI.

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Financial journalist opinion

MUNI: Strong PIMCO Muni Bond ETF, Very Low 3.4% Yield, Weak Investment Thesis

MUNI is an actively-managed muni bond ETF from PIMCO. Although the fund's dividends are tax-advantaged, its 3.4% dividend yield is too low for a buy rating. Lots of ETFs provide higher after-tax income to effectively all investors, including CARY and JAAA.

MUNI: Strong PIMCO Muni Bond ETF, Very Low 3.4% Yield, Weak Investment Thesis

Growing Supply of Active Municipal Bond ETFs

Actively managed ETFs continued to gain traction in July with $24 billion of net inflows. This represented 19% of the industry's net inflows, which remains impressive given the 7% share of the assets.

Growing Supply of Active Municipal Bond ETFs

MUNI: A Strong, Active Municipal Bond Play

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund ETF offers tax-exempt income through investment-grade municipal bonds. The MUNI ETF has a diversified portfolio of U.S. dollar-denominated intermediate-term municipal bonds. MUNI faces competition from other municipal bond ETFs but has shown strong performance and a more diversified geographical allocation.

MUNI: A Strong, Active Municipal Bond Play

Chart of the Week: Advisors Looking at Municipal Bonds Choices

Investors continue to turn to low-cost core taxable bond ETFs in 2024. The Vanguard Total Bond Market ETF (BND) and the iShares Core Aggregate Bond ETF (AGG) gathered $2.5 billion and $2.1 billion, respectively, as of late February.

Chart of the Week: Advisors Looking at Municipal Bonds Choices

MUNI: Outperforming Competitors, But Still Unattractive

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund ETF is an actively managed municipal bond fund with a flexible strategy and high turnover. The MUNI ETF has a higher risk in credit rating but a lower risk in maturity compared to iShares National Muni Bond ETF. It is more diversified geographically, with a lower allocation to New York and California.

MUNI: Outperforming Competitors, But Still Unattractive

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