iShares California Muni Bond ETF (NYSEARCA:CMF) Hits New 52-Week Low – What’s Next?

iShares California Muni Bond ETF (NYSEARCA:CMF – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $53.62 and last traded at $53.68, with a volume of 5297500 shares changing hands. The stock had previously closed at $53.92.

iShares California Muni Bond ETF Price Performance

The firm has a fifty day simple moving average of $55.87 and a two-hundred day simple moving average of $56.74.

Institutional Trading of iShares California Muni Bond ETF

Several large investors have recently added to or reduced their stakes in the stock. Thryve Wealth Management LLC bought a new stake in iShares California Muni Bond ETF during the 4th quarter valued at approximately $5,830,000. Integrity Investment Advisors LLC bought a new position in shares of iShares California Muni Bond ETF in the 4th quarter worth approximately $704,000. Fifth Third Bancorp bought a new position in shares of iShares California Muni Bond ETF in the 1st quarter worth approximately $3,980,000. SmartHarvest Portfolios LLC purchased a new position in shares of iShares California Muni Bond ETF in the 4th quarter valued at approximately $563,000. Finally, Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in shares of iShares California Muni Bond ETF in the 2nd quarter valued at approximately $1,585,000.

About iShares California Muni Bond ETF

(Get Free Report)

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.

Further Reading

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