iShares California Muni Bond ETF (NYSEARCA:CMF – Get Free Report)’s share price hit a new 52-week low during trading on Thursday. The stock traded as low as $54.46 and last traded at $54.65, with a volume of 4078919 shares. The stock had previously closed at $55.03.
iShares California Muni Bond ETF Stock Performance
The company’s 50-day moving average price is $56.10 and its two-hundred day moving average price is $56.84.
Institutional Trading of iShares California Muni Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealthfront Advisers LLC grew its position in iShares California Muni Bond ETF by 21.3% in the first quarter. Wealthfront Advisers LLC now owns 6,199,721 shares of the company’s stock worth $352,516,000 after buying an additional 1,089,990 shares during the last quarter. Syon Capital LLC increased its holdings in shares of iShares California Muni Bond ETF by 3.2% in the second quarter. Syon Capital LLC now owns 1,395,697 shares of the company’s stock valued at $80,448,000 after buying an additional 43,569 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares California Muni Bond ETF by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,118,263 shares of the company’s stock valued at $64,457,000 after acquiring an additional 97,204 shares during the last quarter. Royal Bank of Canada lifted its position in shares of iShares California Muni Bond ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 471,638 shares of the company’s stock valued at $26,817,000 after acquiring an additional 21,217 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of iShares California Muni Bond ETF by 5.1% during the 1st quarter. Assetmark Inc. now owns 391,733 shares of the company’s stock worth $22,274,000 after acquiring an additional 18,851 shares in the last quarter.
About iShares California Muni Bond ETF
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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