Bank of America Corp DE Sells 96,775 Shares of iShares California Muni Bond ETF $CMF

Bank of America Corp DE cut its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 5.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,836,874 shares of the company’s stock after selling 96,775 shares during the quarter. Bank of America Corp DE’s holdings in iShares California Muni Bond ETF were worth $104,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WFA of San Diego LLC bought a new stake in shares of iShares California Muni Bond ETF during the 2nd quarter valued at approximately $26,000. Optima Capital LLC acquired a new position in iShares California Muni Bond ETF during the 4th quarter worth approximately $50,000. Ares Financial Consulting LLC bought a new position in iShares California Muni Bond ETF in the 4th quarter valued at approximately $67,000. Richards Merrill & Peterson Inc. bought a new position in iShares California Muni Bond ETF in the 4th quarter valued at approximately $70,000. Finally, Geneos Wealth Management Inc. acquired a new stake in iShares California Muni Bond ETF in the fourth quarter valued at approximately $81,000.

iShares California Muni Bond ETF Stock Performance

Shares of iShares California Muni Bond ETF stock opened at $56.83 on Friday. The company’s 50 day moving average price is $57.18 and its two-hundred day moving average price is $57.36. iShares California Muni Bond ETF has a fifty-two week low of $55.56 and a fifty-two week high of $58.44.

iShares California Muni Bond ETF 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.