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

iShares California Muni Bond ETF (NYSEARCA:CMF) saw an uptick in trading volume on Tuesday . 401,006 shares changed hands during trading, an increase of 67% from the previous session’s volume of 240,717 shares.The stock last traded at $57.32 and had previously closed at $57.33.

iShares California Muni Bond ETF Stock Up 0.1 %

The firm has a fifty day moving average of $57.70 and a two-hundred day moving average of $57.32.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its position in iShares California Muni Bond ETF by 23.9% during the first quarter. US Bancorp DE now owns 28,199 shares of the company’s stock valued at $1,623,000 after acquiring an additional 5,448 shares during the last quarter. IMPACTfolio LLC lifted its holdings in shares of iShares California Muni Bond ETF by 14.7% during the 3rd quarter. IMPACTfolio LLC now owns 4,621 shares of the company’s stock valued at $269,000 after purchasing an additional 592 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of iShares California Muni Bond ETF in the 1st quarter worth $678,000. West Wealth Group LLC grew its stake in iShares California Muni Bond ETF by 1.9% during the 2nd quarter. West Wealth Group LLC now owns 130,423 shares of the company’s stock worth $7,418,000 after buying an additional 2,378 shares during the last quarter. Finally, Kowal Investment Group LLC increased its position in iShares California Muni Bond ETF by 4.6% during the 3rd quarter. Kowal Investment Group LLC now owns 46,818 shares of the company’s stock valued at $2,721,000 after buying an additional 2,051 shares in the last quarter.

About iShares California Muni Bond ETF

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.