Boltwood Capital Management Makes New $807,000 Investment in iShares California Muni Bond ETF $CMF

Boltwood Capital Management purchased a new stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) in the third quarter, Holdings Channel.com reports. The firm purchased 14,915 shares of the company’s stock, valued at approximately $807,000.

Other institutional investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC raised its position in shares of iShares California Muni Bond ETF by 21.3% in the first quarter. Wealthfront Advisers LLC now owns 6,199,721 shares of the company’s stock worth $352,516,000 after buying an additional 1,089,990 shares in the last quarter. Syon Capital LLC grew its position in iShares California Muni Bond ETF by 3.2% during the second quarter. Syon Capital LLC now owns 1,395,697 shares of the company’s stock worth $80,448,000 after buying an additional 43,569 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares California Muni Bond ETF by 9.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,118,263 shares of the company’s stock worth $64,457,000 after buying an additional 97,204 shares in the last quarter. Royal Bank of Canada increased its stake in iShares California Muni Bond ETF by 4.7% in the 1st quarter. Royal Bank of Canada now owns 471,638 shares of the company’s stock worth $26,817,000 after acquiring an additional 21,217 shares during the last quarter. Finally, Assetmark Inc. increased its stake in iShares California Muni Bond ETF by 5.1% in the 1st quarter. Assetmark Inc. now owns 391,733 shares of the company’s stock worth $22,274,000 after acquiring an additional 18,851 shares during the last quarter.

iShares California Muni Bond ETF Stock Performance

Shares of NYSEARCA:CMF traded down $0.24 on Friday, hitting $54.03. The company’s stock had a trading volume of 3,303,606 shares, compared to its average volume of 728,629. The company has a 50-day simple moving average of $55.87 and a 200 day simple moving average of $56.74. iShares California Muni Bond ETF has a 1 year low of $53.62 and a 1 year high of $58.44.

iShares California Muni Bond ETF Company 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.