West Wealth Group LLC Trims Stake in iShares California Muni Bond ETF $CMF

West Wealth Group LLC cut its stake in iShares California Muni Bond ETF (NYSEARCA:CMF) by 5.1% in the third quarter, HoldingsChannel reports. The fund owned 227,978 shares of the company’s stock after selling 12,133 shares during the period. iShares California Muni Bond ETF accounts for approximately 2.9% of West Wealth Group LLC’s investment portfolio, making the stock its 13th largest holding. West Wealth Group LLC’s holdings in iShares California Muni Bond ETF were worth $13,072,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. WFA of San Diego LLC purchased a new position in shares of iShares California Muni Bond ETF during the 2nd quarter valued at approximately $26,000. Blue Trust Inc. acquired a new stake in iShares California Muni Bond ETF during the third quarter valued at $40,000. CX Institutional purchased a new position in iShares California Muni Bond ETF in the third quarter valued at $63,000. Golden State Equity Partners purchased a new position in iShares California Muni Bond ETF in the third quarter valued at $202,000. Finally, Tlwm acquired a new position in shares of iShares California Muni Bond ETF in the third quarter worth about $203,000.

iShares California Muni Bond ETF Price Performance

CMF stock opened at $57.78 on Monday. iShares California Muni Bond ETF has a 52-week low of $53.61 and a 52-week high of $57.80. The company’s 50-day simple moving average is $57.46 and its 200-day simple moving average is $56.70.

iShares California Muni Bond ETF 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.