Rinkey Investments lessened its holdings in shares of iShares California Muni Bond ETF (NYSEARCA:CMF – Free Report) by 22.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,681 shares of the company’s stock after selling 56,199 shares during the period. iShares California Muni Bond ETF accounts for approximately 2.8% of Rinkey Investments’ holdings, making the stock its 10th biggest position. Rinkey Investments owned 0.28% of iShares California Muni Bond ETF worth $11,129,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealthfront Advisers LLC boosted its stake in iShares California Muni Bond ETF by 29.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,109,731 shares of the company’s stock valued at $293,605,000 after acquiring an additional 1,151,376 shares during the period. Jane Street Group LLC raised its position in shares of iShares California Muni Bond ETF by 73.7% during the 2nd quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock worth $99,922,000 after purchasing an additional 760,870 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares California Muni Bond ETF by 40.0% in the 3rd quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock worth $93,589,000 after purchasing an additional 468,664 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of iShares California Muni Bond ETF by 66.7% in the 2nd quarter. Captrust Financial Advisors now owns 342,904 shares of the company’s stock worth $19,113,000 after purchasing an additional 137,264 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in iShares California Muni Bond ETF by 636.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 134,094 shares of the company’s stock valued at $7,474,000 after purchasing an additional 115,877 shares during the period.
iShares California Muni Bond ETF Stock Performance
NYSEARCA:CMF opened at $57.24 on Tuesday. The business has a 50 day simple moving average of $57.30 and a 200 day simple moving average of $57.53. iShares California Muni Bond ETF has a 12-month low of $55.13 and a 12-month high of $58.44.
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.
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