Navalign LLC Boosts Stake in iShares California Muni Bond ETF $CMF

Navalign LLC increased its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 200,894 shares of the company’s stock after acquiring an additional 13,782 shares during the quarter. iShares California Muni Bond ETF makes up 2.9% of Navalign LLC’s portfolio, making the stock its 11th biggest position. Navalign LLC owned 0.27% of iShares California Muni Bond ETF worth $11,423,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CMF. WFA of San Diego LLC acquired a new position in shares of iShares California Muni Bond ETF in the 2nd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton acquired a new stake in iShares California Muni Bond ETF in the fourth quarter valued at $30,000. Optima Capital LLC bought a new position in iShares California Muni Bond ETF during the 4th quarter valued at $50,000. Ares Financial Consulting LLC bought a new position in iShares California Muni Bond ETF during the 4th quarter valued at $67,000. Finally, Richards Merrill & Peterson Inc. acquired a new position in iShares California Muni Bond ETF during the 4th quarter worth $70,000.

iShares California Muni Bond ETF Price Performance

CMF opened at $57.48 on Wednesday. The company has a 50-day moving average of $57.28 and a 200-day moving average of $57.47. iShares California Muni Bond ETF has a 1-year low of $55.13 and a 1-year high of $58.44.

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. 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.