Royal Bank of Canada Acquires 21,217 Shares of iShares California Muni Bond ETF $CMF

Royal Bank of Canada boosted its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 4.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,638 shares of the company’s stock after acquiring an additional 21,217 shares during the quarter. Royal Bank of Canada owned about 0.63% of iShares California Muni Bond ETF worth $26,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMF. EP Wealth Advisors LLC bought a new stake in shares of iShares California Muni Bond ETF in the 4th quarter worth about $67,285,000. Wealthfront Advisers LLC lifted its stake in iShares California Muni Bond ETF by 29.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,109,731 shares of the company’s stock worth $293,605,000 after purchasing an additional 1,151,376 shares during the last quarter. Jane Street Group LLC boosted its position in shares of iShares California Muni Bond ETF by 73.7% during the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock valued at $99,922,000 after buying an additional 760,870 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of iShares California Muni Bond ETF by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock valued at $484,964,000 after buying an additional 703,735 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of iShares California Muni Bond ETF by 40.0% in the third quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock worth $93,589,000 after buying an additional 468,664 shares during the period.

iShares California Muni Bond ETF Trading Up 0.4%

NYSEARCA:CMF opened at $56.59 on Wednesday. iShares California Muni Bond ETF has a twelve month low of $55.49 and a twelve month high of $58.44. The stock has a fifty day simple moving average of $57.21 and a 200-day simple moving average of $57.38.

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.