Charles Schwab Investment Management Inc. Increases Stake in iShares California Muni Bond ETF (NYSEARCA:CMF)

Charles Schwab Investment Management Inc. grew its position in iShares California Muni Bond ETF (NYSEARCA:CMF) by 37.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,245,170 shares of the company’s stock after acquiring an additional 3,640,060 shares during the period. Charles Schwab Investment Management Inc. owned about 27.20% of iShares California Muni Bond ETF worth $769,677,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ballast Advisors LLC acquired a new stake in shares of iShares California Muni Bond ETF in the third quarter valued at approximately $29,000. Angeles Wealth Management LLC lifted its position in shares of iShares California Muni Bond ETF by 107.5% in the second quarter. Angeles Wealth Management LLC now owns 583 shares of the company’s stock valued at $33,000 after acquiring an additional 302 shares in the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of iShares California Muni Bond ETF during the second quarter valued at $40,000. Rothschild Investment LLC acquired a new position in iShares California Muni Bond ETF in the 2nd quarter valued at about $43,000. Finally, Larson Financial Group LLC acquired a new stake in shares of iShares California Muni Bond ETF during the 2nd quarter worth about $43,000.

iShares California Muni Bond ETF Stock Performance

Shares of NYSEARCA CMF opened at $57.50 on Friday. The firm’s 50 day moving average price is $57.60 and its 200 day moving average price is $57.36. iShares California Muni Bond ETF has a 1 year low of $56.19 and a 1 year high of $58.18.

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.