Shares of iShares California Muni Bond ETF (NYSEARCA:CMF – Get Free Report) saw unusually-strong trading volume on Thursday . 2,182,895 shares changed hands during trading, an increase of 314% from the previous session’s volume of 527,284 shares.The stock last traded at $55.1050 and had previously closed at $55.45.
iShares California Muni Bond ETF Stock Up 0.5%
The firm’s 50 day moving average is $56.58 and its 200-day moving average is $57.07.
Institutional Trading of iShares California Muni Bond ETF
A number of institutional investors and hedge funds have recently made changes to their positions in CMF. Sherman Asset Management Inc. increased its holdings in shares of iShares California Muni Bond ETF by 5.1% during the 2nd quarter. Sherman Asset Management Inc. now owns 3,744 shares of the company’s stock valued at $209,000 after acquiring an additional 181 shares during the last quarter. Legacy Wealth Managment LLC ID lifted its holdings in iShares California Muni Bond ETF by 11.9% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,793 shares of the company’s stock worth $102,000 after purchasing an additional 191 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in iShares California Muni Bond ETF by 6.6% during the fourth quarter. Orion Porfolio Solutions LLC now owns 3,751 shares of the company’s stock worth $216,000 after purchasing an additional 233 shares during the period. Smartleaf Asset Management LLC boosted its position in iShares California Muni Bond ETF by 1.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 20,876 shares of the company’s stock worth $1,199,000 after purchasing an additional 265 shares during the period. Finally, Shira Ridge Wealth Management boosted its position in iShares California Muni Bond ETF by 2.1% during the second quarter. Shira Ridge Wealth Management now owns 14,749 shares of the company’s stock worth $850,000 after purchasing an additional 301 shares during the period.
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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