iShares California Muni Bond ETF (NYSEARCA:CMF) Shares Sold by Lincoln National Corp

Lincoln National Corp lessened its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,693 shares of the company’s stock after selling 2,349 shares during the quarter. Lincoln National Corp’s holdings in iShares California Muni Bond ETF were worth $3,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. WealthShield Partners LLC purchased a new position in iShares California Muni Bond ETF in the 4th quarter valued at about $35,000. GAMMA Investing LLC purchased a new position in iShares California Muni Bond ETF in the fourth quarter valued at about $35,000. AdvisorNet Financial Inc acquired a new stake in iShares California Muni Bond ETF during the 4th quarter valued at approximately $72,000. Allworth Financial LP increased its holdings in iShares California Muni Bond ETF by 182.9% during the 3rd quarter. Allworth Financial LP now owns 1,887 shares of the company’s stock worth $103,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of iShares California Muni Bond ETF in the 4th quarter valued at approximately $150,000.

iShares California Muni Bond ETF Stock Performance

Shares of iShares California Muni Bond ETF stock traded up $0.12 on Tuesday, hitting $57.21. 187,681 shares of the company’s stock traded hands, compared to its average volume of 214,312. iShares California Muni Bond ETF has a 52-week low of $53.92 and a 52-week high of $58.09. The firm’s 50-day moving average is $57.28 and its 200 day moving average is $57.02.

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.