iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Unusually-High Trading Volume – Here’s What Happened

iShares California Muni Bond ETF (NYSEARCA:CMF) shares saw unusually-high trading volume on Tuesday . Approximately 892,101 shares changed hands during trading, an increase of 88% from the previous session’s volume of 473,514 shares.The stock last traded at $56.68 and had previously closed at $57.01.

iShares California Muni Bond ETF Stock Performance

The company has a fifty day simple moving average of $57.83 and a two-hundred day simple moving average of $57.50.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Several institutional investors have recently modified their holdings of the business. WFA of San Diego LLC acquired a new stake in iShares California Muni Bond ETF during the 2nd quarter worth approximately $26,000. Rosenberg Matthew Hamilton acquired a new position in shares of iShares California Muni Bond ETF in the fourth quarter valued at approximately $30,000. Blue Trust Inc. bought a new stake in shares of iShares California Muni Bond ETF during the third quarter worth $40,000. Root Financial Partners LLC bought a new stake in shares of iShares California Muni Bond ETF during the third quarter worth $44,000. Finally, Optima Capital LLC acquired a new stake in shares of iShares California Muni Bond ETF during the fourth quarter worth $50,000.

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.