iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) saw unusually-strong trading volume on Thursday . Approximately 723,989 shares changed hands during trading, an increase of 148% from the previous session’s volume of 292,183 shares.The stock last traded at $56.98 and had previously closed at $56.95.

iShares California Muni Bond ETF Stock Up 0.1 %

The firm has a fifty day moving average price of $57.46 and a 200-day moving average price of $57.50.

Institutional Trading of iShares California Muni Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its position in shares of iShares California Muni Bond ETF by 27.2% during the 3rd quarter. Stifel Financial Corp now owns 17,202 shares of the company’s stock valued at $1,000,000 after buying an additional 3,681 shares during the last quarter. IMPACTfolio LLC increased its stake in shares of iShares California Muni Bond ETF by 14.7% in the third quarter. IMPACTfolio LLC now owns 4,621 shares of the company’s stock worth $269,000 after purchasing an additional 592 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of iShares California Muni Bond ETF by 100.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,500 shares of the company’s stock valued at $87,000 after buying an additional 750 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in iShares California Muni Bond ETF by 2.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 1,309,215 shares of the company’s stock worth $76,078,000 after purchasing an additional 35,505 shares in the last quarter. Finally, West Wealth Group LLC boosted its stake in iShares California Muni Bond ETF by 1.9% in the 2nd quarter. West Wealth Group LLC now owns 130,423 shares of the company’s stock worth $7,418,000 after purchasing an additional 2,378 shares during the period.

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.