iShares California Muni Bond ETF (NYSEARCA:CMF) Hits New 1-Year Low – What’s Next?

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) reached a new 52-week low on Wednesday . The stock traded as low as $55.66 and last traded at $55.6520, with a volume of 200569 shares. The stock had previously closed at $55.75.

iShares California Muni Bond ETF Trading Down 0.3%

The stock has a fifty day moving average of $56.72 and a 200-day moving average of $57.12.

Institutional Trading of iShares California Muni Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of CMF. WFA of San Diego LLC acquired a new stake in shares of iShares California Muni Bond ETF during the 2nd quarter worth about $26,000. Legacy Wealth Managment LLC ID grew its holdings in shares of iShares California Muni Bond ETF by 11.9% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,793 shares of the company’s stock worth $102,000 after purchasing an additional 191 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in iShares California Muni Bond ETF by 90.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,100 shares of the company’s stock valued at $121,000 after buying an additional 1,000 shares during the period. Caldwell Trust Co acquired a new position in iShares California Muni Bond ETF during the first quarter valued at approximately $122,000. Finally, Root Financial Partners LLC lifted its position in shares of iShares California Muni Bond ETF by 197.0% during the 4th quarter. Root Financial Partners LLC now owns 2,314 shares of the company’s stock worth $133,000 after buying an additional 1,535 shares during the last quarter.

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.