iShares California Muni Bond ETF $CMF is Financial Connections Group Inc.’s 8th Largest Position

Financial Connections Group Inc. decreased its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 13.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 166,442 shares of the company’s stock after selling 25,266 shares during the period. iShares California Muni Bond ETF makes up approximately 3.8% of Financial Connections Group Inc.’s portfolio, making the stock its 8th biggest position. Financial Connections Group Inc.’s holdings in iShares California Muni Bond ETF were worth $9,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMF. Halbert Hargrove Global Advisors LLC purchased a new stake in iShares California Muni Bond ETF in the 1st quarter valued at about $31,000. Olde Wealth Management LLC purchased a new stake in iShares California Muni Bond ETF in the 1st quarter valued at about $58,000. AlphaCore Capital LLC purchased a new stake in iShares California Muni Bond ETF in the 1st quarter valued at about $66,000. Abound Financial LLC purchased a new stake in iShares California Muni Bond ETF in the 1st quarter valued at about $124,000. Finally, Columbia River Financial Group LLC purchased a new stake in shares of iShares California Muni Bond ETF during the 1st quarter worth about $141,000.

iShares California Muni Bond ETF Trading Up 0.2%

Shares of NYSEARCA:CMF opened at $57.20 on Friday. iShares California Muni Bond ETF has a 1 year low of $53.61 and a 1 year high of $58.14. The stock has a 50-day simple moving average of $56.35 and a 200-day simple moving average of $55.80.

iShares California Muni Bond ETF Company 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.