Valmark Advisers Inc. grew its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF – Free Report) by 43.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 80,669 shares of the company’s stock after acquiring an additional 24,382 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares California Muni Bond ETF were worth $4,587,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in CMF. Charles Schwab Investment Management Inc. raised its position in shares of iShares California Muni Bond ETF by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock worth $484,964,000 after acquiring an additional 703,735 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings 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 purchasing an additional 1,151,376 shares in the last quarter. Jane Street Group LLC boosted its holdings in iShares California Muni Bond ETF by 73.7% in the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock valued at $99,922,000 after purchasing an additional 760,870 shares in the last quarter. Morgan Stanley increased its stake in iShares California Muni Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 1,790,589 shares of the company’s stock valued at $102,887,000 after purchasing an additional 20,936 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in iShares California Muni Bond ETF by 40.0% in the third quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock valued at $93,589,000 after purchasing an additional 468,664 shares during the last quarter.
iShares California Muni Bond ETF Price Performance
CMF stock opened at $57.35 on Monday. iShares California Muni Bond ETF has a twelve month low of $55.13 and a twelve month high of $58.44. The company’s 50 day moving average is $57.27 and its two-hundred day moving average is $57.47.
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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