Pure Financial Advisors Inc. Acquires 29,393 Shares of iShares California Muni Bond ETF (CMF)

Pure Financial Advisors Inc. lifted its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 16.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 210,532 shares of the company’s stock after buying an additional 29,393 shares during the quarter. iShares California Muni Bond ETF makes up 2.5% of Pure Financial Advisors Inc.’s portfolio, making the stock its 11th biggest position. Pure Financial Advisors Inc. owned approximately 1.15% of iShares California Muni Bond ETF worth $12,305,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. ELM Advisors LLC lifted its position in iShares California Muni Bond ETF by 450.4% in the 4th quarter. ELM Advisors LLC now owns 21,550 shares of the company’s stock valued at $1,259,000 after purchasing an additional 17,635 shares during the last quarter. Boltwood Capital Management grew its stake in shares of iShares California Muni Bond ETF by 3.1% in the 4th quarter. Boltwood Capital Management now owns 59,370 shares of the company’s stock worth $3,469,000 after purchasing an additional 1,795 shares during the last quarter. Personal Financial Consultants Inc. ADV acquired a new position in shares of iShares California Muni Bond ETF in the 3rd quarter worth approximately $1,830,000. Carnegie Capital Asset Management LLC grew its stake in shares of iShares California Muni Bond ETF by 56.1% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 8,900 shares of the company’s stock worth $512,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of iShares California Muni Bond ETF by 8.7% in the 3rd quarter. Morgan Stanley now owns 775,217 shares of the company’s stock worth $44,955,000 after purchasing an additional 62,127 shares during the last quarter.

Shares of CMF traded up $0.09 during mid-day trading on Friday, hitting $58.35. The company’s stock had a trading volume of 866 shares, compared to its average volume of 104,893. iShares California Muni Bond ETF has a fifty-two week low of $56.90 and a fifty-two week high of $59.09.

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 24th. Stockholders of record on Wednesday, December 19th were paid a $0.1079 dividend. The ex-dividend date of this dividend was Tuesday, December 18th. This represents a $1.29 annualized dividend and a dividend yield of 2.22%.

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iShares California Muni Bond ETF Profile

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies.

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Institutional Ownership by Quarter for iShares California Muni Bond ETF (NYSEARCA:CMF)

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