Axxcess Wealth Management LLC Invests $11.26 Million in iShares California Muni Bond ETF $CMF

Axxcess Wealth Management LLC bought a new stake in iShares California Muni Bond ETF (NYSEARCA:CMF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 195,887 shares of the company’s stock, valued at approximately $11,256,000. Axxcess Wealth Management LLC owned about 0.29% of iShares California Muni Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in 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 valued at $482,000 after buying an additional 2,256 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of iShares California Muni Bond ETF by 202.7% in the second quarter. Brown Advisory Inc. now owns 11,991 shares of the company’s stock worth $668,000 after buying an additional 8,029 shares during the period. Qube Research & Technologies Ltd grew its stake in shares of iShares California Muni Bond ETF by 189.6% in the second quarter. Qube Research & Technologies Ltd now owns 7,283 shares of the company’s stock valued at $406,000 after buying an additional 4,768 shares in the last quarter. Sei Investments Co. lifted its position in iShares California Muni Bond ETF by 12.1% during the 2nd quarter. Sei Investments Co. now owns 274,376 shares of the company’s stock worth $15,294,000 after acquiring an additional 29,539 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in iShares California Muni Bond ETF by 11.8% during the 2nd quarter. Alliancebernstein L.P. now owns 219,598 shares of the company’s stock worth $12,240,000 after acquiring an additional 23,100 shares in the last quarter.

iShares California Muni Bond ETF Trading Up 0.3%

CMF opened at $57.50 on Friday. The firm’s 50 day moving average is $57.23 and its 200-day moving average is $57.45. iShares California Muni Bond ETF has a 52-week low of $55.13 and a 52-week high of $58.44.

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.