iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Volume Increase – Here’s Why

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) saw unusually-strong trading volume on Thursday . Approximately 723,989 shares traded hands during mid-day trading, an increase of 148% from the previous session’s volume of 292,183 shares.The stock last traded at $56.98 and had previously closed at $56.95.

iShares California Muni Bond ETF Stock Up 0.1 %

The firm’s 50 day moving average is $57.46 and its 200 day moving average is $57.50.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stifel Financial Corp increased its position in iShares California Muni Bond ETF by 27.2% during the 3rd quarter. Stifel Financial Corp now owns 17,202 shares of the company’s stock valued at $1,000,000 after purchasing an additional 3,681 shares during the period. IMPACTfolio LLC boosted its stake in shares of iShares California Muni Bond ETF by 14.7% during the 3rd quarter. IMPACTfolio LLC now owns 4,621 shares of the company’s stock valued at $269,000 after purchasing an additional 592 shares in the last quarter. Larson Financial Group LLC increased its position in shares of iShares California Muni Bond ETF by 100.0% during the third quarter. Larson Financial Group LLC now owns 1,500 shares of the company’s stock valued at $87,000 after buying an additional 750 shares during the period. EP Wealth Advisors LLC raised its stake in iShares California Muni Bond ETF by 2.8% in the third quarter. EP Wealth Advisors LLC now owns 1,309,215 shares of the company’s stock worth $76,078,000 after buying an additional 35,505 shares in the last quarter. Finally, West Wealth Group LLC lifted its holdings in iShares California Muni Bond ETF by 1.9% in the second quarter. West Wealth Group LLC now owns 130,423 shares of the company’s stock worth $7,418,000 after buying an additional 2,378 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.