iShares California Muni Bond ETF (NYSEARCA:CMF) Sets New 12-Month High – Here’s Why

iShares California Muni Bond ETF (NYSEARCA:CMF)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $58.22 and last traded at $58.2150, with a volume of 171429 shares trading hands. The stock had previously closed at $58.16.

iShares California Muni Bond ETF Stock Performance

The business’s 50 day simple moving average is $57.72 and its two-hundred day simple moving average is $57.17.

Institutional Trading of iShares California Muni Bond ETF

A number of hedge funds have recently made changes to their positions in CMF. AQR Capital Management LLC lifted its holdings in shares of iShares California Muni Bond ETF by 35.8% during the first quarter. AQR Capital Management LLC now owns 8,556 shares of the company’s stock worth $482,000 after purchasing an additional 2,256 shares during the period. Whittier Trust Co. raised its position in iShares California Muni Bond ETF by 4.7% during the 2nd quarter. Whittier Trust Co. now owns 55,197 shares of the company’s stock worth $3,077,000 after purchasing an additional 2,468 shares during the last quarter. Caliber Wealth Management LLC KS bought a new position in iShares California Muni Bond ETF during the 2nd quarter worth $455,000. Silver Oak Wealth Advisors Services LLC lifted its holdings in iShares California Muni Bond ETF by 229.6% during the 2nd quarter. Silver Oak Wealth Advisors Services LLC now owns 79,545 shares of the company’s stock worth $4,434,000 after buying an additional 55,410 shares during the period. Finally, Opes Wealth Management LLC grew its position in shares of iShares California Muni Bond ETF by 6.6% in the 2nd quarter. Opes Wealth Management LLC now owns 387,164 shares of the company’s stock valued at $21,581,000 after buying an additional 23,802 shares during 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. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.