Trace Wealth Advisors LLC Invests $599,000 in iShares California Muni Bond ETF (NYSEARCA:CMF)

Trace Wealth Advisors LLC bought a new position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,452 shares of the company’s stock, valued at approximately $599,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of iShares California Muni Bond ETF by 24.7% during the 4th quarter. Bank of America Corp DE now owns 1,693,917 shares of the company’s stock worth $97,028,000 after acquiring an additional 335,577 shares during the period. EP Wealth Advisors LLC boosted its stake in iShares California Muni Bond ETF by 8.7% in the 4th quarter. EP Wealth Advisors LLC now owns 1,422,978 shares of the company’s stock valued at $81,508,000 after purchasing an additional 113,763 shares during the period. Facet Wealth Inc. boosted its stake in iShares California Muni Bond ETF by 15.8% in the 4th quarter. Facet Wealth Inc. now owns 1,148,937 shares of the company’s stock valued at $65,409,000 after purchasing an additional 156,961 shares during the period. Bailard Inc. boosted its stake in iShares California Muni Bond ETF by 25.1% in the 4th quarter. Bailard Inc. now owns 1,063,062 shares of the company’s stock valued at $60,892,000 after purchasing an additional 213,617 shares during the period. Finally, Mariner LLC boosted its stake in iShares California Muni Bond ETF by 10.4% in the 4th quarter. Mariner LLC now owns 881,431 shares of the company’s stock valued at $50,488,000 after purchasing an additional 82,766 shares during the period.

iShares California Muni Bond ETF Stock Performance

CMF opened at $55.82 on Friday. The business has a fifty day simple moving average of $55.74 and a 200 day simple moving average of $56.69. iShares California Muni Bond ETF has a 1 year low of $53.61 and a 1 year high of $58.18.

About iShares California Muni Bond ETF

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.