Navalign LLC Raises Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

Navalign LLC lifted its holdings in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 7.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,821 shares of the company’s stock after purchasing an additional 6,715 shares during the period. iShares California Muni Bond ETF accounts for about 2.1% of Navalign LLC’s investment portfolio, making the stock its 11th biggest holding. Navalign LLC’s holdings in iShares California Muni Bond ETF were worth $5,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC purchased a new position in shares of iShares California Muni Bond ETF in the fourth quarter valued at $39,000. Sheets Smith Wealth Management acquired a new position in iShares California Muni Bond ETF during the third quarter worth about $55,000. Money Concepts Capital Corp lifted its holdings in shares of iShares California Muni Bond ETF by 95.2% in the fourth quarter. Money Concepts Capital Corp now owns 1,640 shares of the company’s stock valued at $92,000 after purchasing an additional 800 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of iShares California Muni Bond ETF by 182.9% in the third quarter. Allworth Financial LP now owns 1,887 shares of the company’s stock valued at $103,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of iShares California Muni Bond ETF by 29.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,606 shares of the company’s stock valued at $146,000 after purchasing an additional 600 shares during the last quarter.

iShares California Muni Bond ETF Trading Up 0.1 %

Shares of iShares California Muni Bond ETF stock traded up $0.06 during trading on Thursday, hitting $57.54. 184,664 shares of the company were exchanged, compared to its average volume of 211,321. iShares California Muni Bond ETF has a fifty-two week low of $53.92 and a fifty-two week high of $58.09. The firm has a 50 day moving average price of $57.66 and a 200 day moving average price of $56.63.

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.