iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) saw strong trading volume on Thursday . 1,367,528 shares were traded during 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 Stock Performance

The stock has a fifty day moving average price of $56.86 and a 200 day moving average price of $57.29.

Institutional Trading of iShares California Muni Bond ETF

Several large investors have recently modified their holdings of the company. FMR LLC increased its position in iShares California Muni Bond ETF by 4.6% in the 3rd quarter. FMR LLC now owns 5,909,686 shares of the company’s stock worth $343,412,000 after buying an additional 261,806 shares during the period. Bank of America Corp DE increased its position in iShares California Muni Bond ETF by 24.7% during the fourth quarter. Bank of America Corp DE now owns 1,693,917 shares of the company’s stock worth $97,028,000 after acquiring an additional 335,577 shares during the period. EP Wealth Advisors LLC boosted its holdings in iShares California Muni Bond ETF by 8.7% in the 4th quarter. EP Wealth Advisors LLC now owns 1,422,978 shares of the company’s stock valued at $81,508,000 after purchasing an additional 113,763 shares during the period. Facet Wealth Inc. boosted its holdings in iShares California Muni Bond ETF by 15.8% in the 4th quarter. Facet Wealth Inc. now owns 1,148,937 shares of the company’s stock valued at $65,409,000 after purchasing an additional 156,961 shares during the period. Finally, Bailard Inc. grew its position in iShares California Muni Bond ETF by 25.1% in the 4th quarter. Bailard Inc. now owns 1,063,062 shares of the company’s stock worth $60,892,000 after purchasing an additional 213,617 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.