Wealthfront Advisers LLC Buys 1,089,990 Shares of iShares California Muni Bond ETF $CMF

Wealthfront Advisers LLC lifted its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 21.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,199,721 shares of the company’s stock after acquiring an additional 1,089,990 shares during the quarter. iShares California Muni Bond ETF makes up approximately 0.8% of Wealthfront Advisers LLC’s holdings, making the stock its 24th biggest holding. Wealthfront Advisers LLC owned about 0.08% of iShares California Muni Bond ETF worth $352,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMF. Charles Schwab Investment Management Inc. raised its holdings in shares of iShares California Muni Bond ETF by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock valued at $484,964,000 after purchasing an additional 703,735 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of iShares California Muni Bond ETF by 73.7% during the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock valued at $99,922,000 after purchasing an additional 760,870 shares in the last quarter. Morgan Stanley boosted its stake in shares of iShares California Muni Bond ETF by 1.2% during the fourth quarter. Morgan Stanley now owns 1,790,589 shares of the company’s stock valued at $102,887,000 after purchasing an additional 20,936 shares in the last quarter. Bank of America Corp DE increased its holdings in iShares California Muni Bond ETF by 40.0% during the third quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock valued at $93,589,000 after buying an additional 468,664 shares during the period. Finally, Facet Wealth Inc. increased its holdings in iShares California Muni Bond ETF by 7.5% during the fourth quarter. Facet Wealth Inc. now owns 1,497,857 shares of the company’s stock valued at $86,606,000 after buying an additional 105,068 shares during the period.

iShares California Muni Bond ETF Stock Down 0.2%

Shares of NYSEARCA CMF opened at $57.25 on Thursday. The stock’s fifty day simple moving average is $57.28 and its two-hundred day simple moving average is $57.47. iShares California Muni Bond ETF has a 12-month low of $55.13 and a 12-month high of $58.44.

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.