Valmark Advisers Inc. Sells 20,404 Shares of iShares California Muni Bond ETF $CMF

Valmark Advisers Inc. decreased its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,287 shares of the company’s stock after selling 20,404 shares during the period. Valmark Advisers Inc. owned 0.08% of iShares California Muni Bond ETF worth $3,234,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in shares of iShares California Muni Bond ETF by 601.7% in the 4th quarter. Farther Finance Advisors LLC now owns 131,601 shares of the company’s stock valued at $7,562,000 after acquiring an additional 112,846 shares during the last quarter. Freestone Capital Holdings LLC lifted its holdings in shares of iShares California Muni Bond ETF by 2.5% in the 4th quarter. Freestone Capital Holdings LLC now owns 77,771 shares of the company’s stock valued at $4,469,000 after acquiring an additional 1,891 shares during the last quarter. Optima Capital LLC purchased a new position in iShares California Muni Bond ETF during the fourth quarter worth $50,000. Creative Capital Management Investments LLC increased its position in iShares California Muni Bond ETF by 2.5% during the fourth quarter. Creative Capital Management Investments LLC now owns 24,873 shares of the company’s stock valued at $1,429,000 after acquiring an additional 607 shares during the last quarter. Finally, Assetmark Inc. increased its position in iShares California Muni Bond ETF by 2.9% during the fourth quarter. Assetmark Inc. now owns 372,882 shares of the company’s stock valued at $21,426,000 after acquiring an additional 10,581 shares during the last quarter.

iShares California Muni Bond ETF Trading Down 0.2%

CMF stock opened at $57.28 on Thursday. iShares California Muni Bond ETF has a twelve month low of $54.70 and a twelve month high of $58.44. The firm’s fifty day simple moving average is $57.55 and its two-hundred day simple moving average is $57.51.

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. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.