Bank of America Corp DE trimmed its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 18.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 792,317 shares of the company’s stock after selling 176,119 shares during the period. Bank of America Corp DE owned about 4.27% of iShares California Muni Bond ETF worth $46,382,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CMF. Charles Schwab Investment Advisory Inc. lifted its position in shares of iShares California Muni Bond ETF by 252.4% during the 2nd quarter. Charles Schwab Investment Advisory Inc. now owns 2,955,074 shares of the company’s stock valued at $172,990,000 after acquiring an additional 2,116,435 shares during the period. Morgan Stanley lifted its position in shares of iShares California Muni Bond ETF by 65.6% during the 2nd quarter. Morgan Stanley now owns 713,090 shares of the company’s stock valued at $41,745,000 after acquiring an additional 282,558 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of iShares California Muni Bond ETF by 15.7% during the 2nd quarter. Miracle Mile Advisors LLC now owns 596,129 shares of the company’s stock valued at $34,897,000 after acquiring an additional 80,870 shares during the period. Karp Capital Management Corp acquired a new stake in shares of iShares California Muni Bond ETF during the 2nd quarter valued at approximately $2,320,000. Finally, Perigon Wealth Management LLC lifted its position in shares of iShares California Muni Bond ETF by 1,546.4% during the 2nd quarter. Perigon Wealth Management LLC now owns 37,192 shares of the company’s stock valued at $2,177,000 after acquiring an additional 34,933 shares during the period.

CMF stock opened at $57.85 on Tuesday. iShares California Muni Bond ETF has a 12-month low of $57.68 and a 12-month high of $59.60.

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, September 5th were paid a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from iShares California Muni Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, September 4th.

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.

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Institutional Ownership by Quarter for iShares California Muni Bond ETF (NYSEARCA:CMF)

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