Northwestern Mutual Wealth Management Co. Cuts Stake in iShares California Muni Bond ETF $CMF

Northwestern Mutual Wealth Management Co. lowered its position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 17.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,873 shares of the company’s stock after selling 21,088 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares California Muni Bond ETF were worth $5,739,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CMF. WFA of San Diego LLC bought a new stake in iShares California Muni Bond ETF during the second quarter valued at about $26,000. Rosenberg Matthew Hamilton bought a new stake in iShares California Muni Bond ETF during the fourth quarter valued at about $30,000. Root Financial Partners LLC bought a new stake in iShares California Muni Bond ETF during the third quarter valued at about $44,000. Optima Capital LLC bought a new stake in iShares California Muni Bond ETF during the fourth quarter valued at about $50,000. Finally, Founders Financial Alliance LLC bought a new stake in iShares California Muni Bond ETF during the third quarter valued at about $58,000.

iShares California Muni Bond ETF Stock Up 0.1%

Shares of CMF stock opened at $56.84 on Friday. iShares California Muni Bond ETF has a 1-year low of $55.13 and a 1-year high of $58.44. The stock’s 50-day moving average is $57.12 and its 200 day moving average is $57.48.

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. 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.