Elmwood Wealth Management Inc. Raises Stake in iShares California Muni Bond ETF $CMF

Elmwood Wealth Management Inc. boosted its position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,175 shares of the company’s stock after acquiring an additional 1,010 shares during the period. iShares California Muni Bond ETF comprises 1.5% of Elmwood Wealth Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Elmwood Wealth Management Inc.’s holdings in iShares California Muni Bond ETF were worth $3,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. acquired a new position in iShares California Muni Bond ETF during the 1st quarter worth approximately $240,000. GAMMA Investing LLC grew its holdings in iShares California Muni Bond ETF by 21.3% during the 1st quarter. GAMMA Investing LLC now owns 8,361 shares of the company’s stock worth $471,000 after acquiring an additional 1,468 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in iShares California Muni Bond ETF during the 1st quarter worth approximately $675,000. KM Capital Management Ltd. grew its holdings in iShares California Muni Bond ETF by 53.8% during the 1st quarter. KM Capital Management Ltd. now owns 8,852 shares of the company’s stock worth $498,000 after acquiring an additional 3,097 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management grew its holdings in iShares California Muni Bond ETF by 43.7% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 20,163 shares of the company’s stock worth $1,135,000 after acquiring an additional 6,135 shares in the last quarter.

iShares California Muni Bond ETF Trading Up 0.3%

NYSEARCA CMF opened at $57.36 on Tuesday. iShares California Muni Bond ETF has a 52 week low of $53.61 and a 52 week high of $58.14. The firm has a 50 day moving average of $56.39 and a two-hundred day moving average of $55.80.

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.