iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Volume Increase – Still a Buy?

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) saw an uptick in trading volume on Thursday . 1,367,528 shares changed hands during mid-day trading, an increase of 287% from the previous session’s volume of 352,937 shares.The stock last traded at $55.90 and had previously closed at $56.07.

iShares California Muni Bond ETF Trading Up 0.4 %

The firm’s 50-day moving average is $56.84 and its two-hundred day moving average is $57.27.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Large investors have recently added to or reduced their stakes in the company. Asset Planning Inc acquired a new stake in shares of iShares California Muni Bond ETF during the 4th quarter worth about $40,000. Parkworth Wealth Management Inc. bought a new position in shares of iShares California Muni Bond ETF in the fourth quarter valued at approximately $62,000. Creative Financial Designs Inc. ADV bought a new position in shares of iShares California Muni Bond ETF in the fourth quarter valued at approximately $63,000. Larson Financial Group LLC grew its position in iShares California Muni Bond ETF by 100.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,500 shares of the company’s stock worth $87,000 after acquiring an additional 750 shares during the last quarter. Finally, Angeles Wealth Management LLC grew its position in iShares California Muni Bond ETF by 209.1% during the 4th quarter. Angeles Wealth Management LLC now owns 1,802 shares of the company’s stock worth $103,000 after acquiring an additional 1,219 shares during the last quarter.

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.