iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Volume Increase – Time to Buy?

by · The Cerbat Gem

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF – Get Free Report) saw strong trading volume on Monday . 501,857 shares were traded during trading, an increase of 94% from the previous session’s volume of 258,974 shares.The stock last traded at $57.44 and had previously closed at $57.44.

iShares California Muni Bond ETF Stock Performance

The firm has a 50-day moving average price of $57.66 and a 200-day moving average price of $57.33.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Amara Financial LLC. purchased a new stake in shares of iShares California Muni Bond ETF in the third quarter valued at $5,191,000. Westfuller Advisors LLC acquired a new position in iShares California Muni Bond ETF during the third quarter valued at $3,745,000. WESPAC Advisors SoCal LLC purchased a new stake in iShares California Muni Bond ETF in the 3rd quarter worth about $305,000. Northeast Financial Group Inc. boosted its position in iShares California Muni Bond ETF by 19.6% during the 3rd quarter. Northeast Financial Group Inc. now owns 8,037 shares of the company’s stock worth $467,000 after acquiring an additional 1,318 shares during the period. Finally, Vishria Bird Financial Group LLC purchased a new position in iShares California Muni Bond ETF during the 3rd quarter valued at about $2,469,000.

iShares California Muni Bond ETF Company Profile

(Get Free Report)

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.

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