iShares California Muni Bond ETF $CMF Position Boosted by Ballast Rock Private Wealth LLC

Ballast Rock Private Wealth LLC increased its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 110.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 84,568 shares of the company’s stock after buying an additional 44,403 shares during the period. iShares California Muni Bond ETF comprises about 2.7% of Ballast Rock Private Wealth LLC’s holdings, making the stock its 4th biggest position. Ballast Rock Private Wealth LLC’s holdings in iShares California Muni Bond ETF were worth $4,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in iShares California Muni Bond ETF by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock worth $484,964,000 after acquiring an additional 703,735 shares during the period. Wealthfront Advisers LLC boosted its position in iShares California Muni Bond ETF by 29.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,109,731 shares of the company’s stock worth $293,605,000 after purchasing an additional 1,151,376 shares during the last quarter. Jane Street Group LLC grew its stake in iShares California Muni Bond ETF by 73.7% in the 2nd 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. Morgan Stanley grew its stake in iShares California Muni Bond ETF by 1.2% in the 4th quarter. Morgan Stanley now owns 1,790,589 shares of the company’s stock valued at $102,887,000 after purchasing an additional 20,936 shares during the period. Finally, Bank of America Corp DE increased its position in shares of iShares California Muni Bond ETF by 40.0% during the 3rd 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 during the last quarter.

iShares California Muni Bond ETF Price Performance

Shares of iShares California Muni Bond ETF stock opened at $57.50 on Monday. iShares California Muni Bond ETF has a 1 year low of $55.13 and a 1 year high of $58.44. The stock has a fifty day moving average price of $57.24 and a 200-day moving average price of $57.46.

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.