iShares California Muni Bond ETF $CMF Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,508 shares of the company’s stock after selling 9,549 shares during the quarter. Cetera Investment Advisers owned about 0.49% of iShares California Muni Bond ETF worth $20,953,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. EP Wealth Advisors LLC purchased a new stake in iShares California Muni Bond ETF in the 4th quarter valued at $67,285,000. Wealthfront Advisers LLC raised its stake in shares of iShares California Muni Bond ETF by 29.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,109,731 shares of the company’s stock valued at $293,605,000 after acquiring an additional 1,151,376 shares during the period. Jane Street Group LLC raised its position in iShares California Muni Bond ETF by 73.7% in the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock valued at $99,922,000 after purchasing an additional 760,870 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of iShares California Muni Bond ETF by 9.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock valued at $484,964,000 after buying an additional 703,735 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of iShares California Muni Bond ETF by 40.0% during the third quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock worth $93,589,000 after purchasing an additional 468,664 shares in the last quarter.

iShares California Muni Bond ETF Price Performance

NYSEARCA CMF opened at $56.67 on Tuesday. The firm has a 50 day simple moving average of $57.24 and a 200-day simple moving average of $57.43. iShares California Muni Bond ETF has a one year low of $55.25 and a one year high of $58.44.

iShares California Muni Bond ETF Company 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.