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

iShares California Muni Bond ETF (NYSEARCA:CMF) shares saw an uptick in trading volume on Thursday. Approximately 1,781,628 shares traded hands during mid-day trading, an increase of 136% from the previous session’s volume of 755,696 shares. The stock last traded at $53.8310 and had previously closed at $53.85.

iShares California Muni Bond ETF Trading Down 0.1%

The business’s fifty day moving average is $55.67 and its 200 day moving average is $56.65.

Institutional Investors Weigh In On iShares California Muni Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Wealth Managment LLC ID grew its holdings in shares of iShares California Muni Bond ETF by 11.9% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,793 shares of the company’s stock worth $102,000 after acquiring an additional 191 shares during the period. Caldwell Trust Co acquired a new position in iShares California Muni Bond ETF during the first quarter worth $122,000. Continuum Advisory LLC acquired a new position in iShares California Muni Bond ETF during the second quarter worth $139,000. Geneos Wealth Management Inc. boosted its position in iShares California Muni Bond ETF by 89.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,684 shares of the company’s stock worth $153,000 after purchasing an additional 1,269 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in iShares California Muni Bond ETF during the first quarter worth $196,000.

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. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.