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

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) saw unusually-high trading volume on Tuesday. Approximately 2,086,747 shares traded hands during mid-day trading, an increase of 217% from the previous session’s volume of 657,699 shares. The stock last traded at $53.6950 and had previously closed at $53.92.

iShares California Muni Bond ETF Stock Down 0.4%

The stock’s fifty day moving average is $56.04 and its two-hundred day moving average is $56.81.

Hedge Funds Weigh In On iShares California Muni Bond ETF

A number of large investors have recently modified their holdings of CMF. Legacy Wealth Managment LLC ID raised its position in shares of iShares California Muni Bond ETF by 11.9% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,793 shares of the company’s stock valued at $102,000 after buying an additional 191 shares in the last quarter. Caldwell Trust Co purchased a new position in iShares California Muni Bond ETF in the first quarter worth $122,000. Root Financial Partners LLC raised its position in iShares California Muni Bond ETF by 197.0% during the fourth quarter. Root Financial Partners LLC now owns 2,314 shares of the company’s stock valued at $133,000 after purchasing an additional 1,535 shares in the last quarter. Continuum Advisory LLC purchased a new stake in iShares California Muni Bond ETF during the second quarter valued at about $139,000. Finally, Geneos Wealth Management Inc. lifted its stake in iShares California Muni Bond ETF by 89.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,684 shares of the company’s stock worth $153,000 after purchasing an additional 1,269 shares during the last quarter.

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.