Royal Bank of Canada Raises Stock Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

Royal Bank of Canada lifted its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 447,822 shares of the company’s stock after buying an additional 21,745 shares during the quarter. Royal Bank of Canada’s holdings in iShares California Muni Bond ETF were worth $25,651,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Asset Planning Inc acquired a new stake in iShares California Muni Bond ETF during the 4th quarter worth $40,000. Parkworth Wealth Management Inc. acquired a new stake in iShares California Muni Bond ETF during the 4th quarter worth $62,000. Creative Financial Designs Inc. ADV acquired a new stake in iShares California Muni Bond ETF during the 4th quarter worth $63,000. Angeles Wealth Management LLC boosted its stake in iShares California Muni Bond ETF by 209.1% during the 4th quarter. Angeles Wealth Management LLC now owns 1,802 shares of the company’s stock worth $103,000 after purchasing an additional 1,219 shares during the period. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in iShares California Muni Bond ETF during the 4th quarter worth $184,000.

iShares California Muni Bond ETF Trading Up 0.1%

Shares of NYSEARCA:CMF opened at $55.47 on Friday. The firm has a fifty day moving average price of $55.63 and a 200 day moving average price of $56.64. iShares California Muni Bond ETF has a 1-year low of $53.61 and a 1-year high of $58.18.

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.