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

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) saw an uptick in trading volume on Monday . 813,158 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 475,201 shares.The stock last traded at $57.02 and had previously closed at $56.93.

iShares California Muni Bond ETF Price Performance

The business has a 50-day simple moving average of $57.13 and a two-hundred day simple moving average of $57.46.

Hedge Funds Weigh In On iShares California Muni Bond ETF

A number of large investors have recently modified their holdings of CMF. Charles Schwab Investment Management Inc. increased its position in iShares California Muni Bond ETF by 37.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,245,170 shares of the company’s stock worth $769,677,000 after purchasing an additional 3,640,060 shares during the period. FMR LLC grew its position in shares of iShares California Muni Bond ETF by 4.6% during 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. EP Wealth Advisors LLC raised its stake in shares of iShares California Muni Bond ETF by 2.8% during 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 during the last quarter. Facet Wealth Inc. raised its stake in shares of iShares California Muni Bond ETF by 15.8% during the fourth quarter. Facet Wealth Inc. now owns 1,148,937 shares of the company’s stock worth $65,409,000 after buying an additional 156,961 shares during the last quarter. Finally, Bailard Inc. lifted its holdings in iShares California Muni Bond ETF by 25.1% in the fourth quarter. Bailard Inc. now owns 1,063,062 shares of the company’s stock valued at $60,892,000 after buying an additional 213,617 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.