iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Unusually-High Trading Volume – Here’s What Happened

iShares California Muni Bond ETF (NYSEARCA:CMF) saw unusually-strong trading volume on Monday . Approximately 1,296,301 shares changed hands during mid-day trading, an increase of 163% from the previous session’s volume of 492,113 shares.The stock last traded at $56.57 and had previously closed at $56.77.

iShares California Muni Bond ETF Stock Up 0.1 %

The firm has a fifty day simple moving average of $57.39 and a 200 day simple moving average of $57.50.

Institutional Trading of iShares California Muni Bond ETF

Institutional investors have recently made changes to their positions in the stock. One Capital Management LLC acquired a new stake in shares of iShares California Muni Bond ETF during the second quarter worth approximately $1,072,000. Perennial Investment Advisors LLC boosted its stake in iShares California Muni Bond ETF by 46.3% during the 2nd quarter. Perennial Investment Advisors LLC now owns 6,150 shares of the company’s stock valued at $350,000 after acquiring an additional 1,947 shares during the last quarter. Hsbc Holdings PLC grew its holdings in iShares California Muni Bond ETF by 32.1% during the 2nd quarter. Hsbc Holdings PLC now owns 43,109 shares of the company’s stock worth $2,452,000 after acquiring an additional 10,477 shares in the last quarter. Sei Investments Co. grew its stake in iShares California Muni Bond ETF by 8.6% in the second quarter. Sei Investments Co. now owns 206,645 shares of the company’s stock worth $11,754,000 after purchasing an additional 16,329 shares in the last quarter. Finally, Kowal Investment Group LLC acquired a new position in iShares California Muni Bond ETF in the second quarter worth about $2,546,000.

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.