Gerber Kawasaki Wealth & Investment Management Grows Holdings in iShares California Muni Bond ETF $CMF

Gerber Kawasaki Wealth & Investment Management boosted its position in iShares California Muni Bond ETF (NYSEARCA:CMF) by 120.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 49,942 shares of the company’s stock after purchasing an additional 27,251 shares during the period. Gerber Kawasaki Wealth & Investment Management owned about 0.08% of iShares California Muni Bond ETF worth $2,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new position in shares of iShares California Muni Bond ETF during the 2nd quarter worth approximately $26,000. Blue Trust Inc. bought a new position in shares of iShares California Muni Bond ETF in the third quarter valued at approximately $40,000. Root Financial Partners LLC purchased a new stake in shares of iShares California Muni Bond ETF during the third quarter valued at approximately $44,000. Founders Financial Alliance LLC purchased a new stake in shares of iShares California Muni Bond ETF during the third quarter valued at approximately $58,000. Finally, CX Institutional bought a new stake in iShares California Muni Bond ETF during the third quarter worth $63,000.

iShares California Muni Bond ETF Price Performance

CMF stock opened at $57.73 on Monday. The stock’s fifty day simple moving average is $57.88 and its two-hundred day simple moving average is $57.38. iShares California Muni Bond ETF has a 1-year low of $53.61 and a 1-year high of $58.44.

iShares California Muni Bond ETF 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.