iShares California Muni Bond ETF (NYSEARCA:CMF) Sets New 52-Week High – What’s Next?

iShares California Muni Bond ETF (NYSEARCA:CMF)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $58.08 and last traded at $58.05, with a volume of 441749 shares changing hands. The stock had previously closed at $57.96.

iShares California Muni Bond ETF Trading Up 0.2%

The firm has a fifty day moving average price of $57.61 and a 200-day moving average price of $57.06.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Several hedge funds have recently bought and sold shares of the company. Wealthfront Advisers LLC lifted its holdings in shares of iShares California Muni Bond ETF by 29.1% during the 4th quarter. Wealthfront Advisers LLC now owns 5,109,731 shares of the company’s stock worth $293,605,000 after acquiring an additional 1,151,376 shares during the period. Jane Street Group LLC increased its stake 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 acquiring an additional 760,870 shares during the last quarter. Bank of America Corp DE raised its position in 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 valued at $93,589,000 after purchasing an additional 468,664 shares in the last quarter. Facet Wealth Inc. lifted its stake in iShares California Muni Bond ETF by 24.0% during the second quarter. Facet Wealth Inc. now owns 1,278,713 shares of the company’s stock worth $70,892,000 after purchasing an additional 247,805 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in iShares California Muni Bond ETF during the fourth quarter worth $11,256,000.

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.