Shares of iShares California Muni Bond ETF (NYSEARCA:CMF – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 2,108,717 shares were traded during trading, an increase of 469% from the previous session’s volume of 370,705 shares.The stock last traded at $54.82 and had previously closed at $55.29.
iShares California Muni Bond ETF Trading Down 1.4 %
The firm’s fifty day simple moving average is $56.76 and its two-hundred day simple moving average is $57.18.
Hedge Funds Weigh In On iShares California Muni Bond ETF
A number of hedge funds and other institutional investors have recently modified their holdings of CMF. Asset Planning Inc purchased a new position in shares of iShares California Muni Bond ETF in the fourth quarter valued at $40,000. Parkworth Wealth Management Inc. purchased a new position in shares of iShares California Muni Bond ETF in the 4th quarter worth $62,000. Creative Financial Designs Inc. ADV bought a new stake in shares of iShares California Muni Bond ETF in the 4th quarter worth about $63,000. Angeles Wealth Management LLC raised its position in shares of 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 valued at $103,000 after buying an additional 1,219 shares in the last quarter. Finally, Continuum Advisory LLC bought a new position in shares of iShares California Muni Bond ETF in the 4th quarter valued at about $139,000.
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.
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