iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Volume Increase – Here’s Why

iShares California Muni Bond ETF (NYSEARCA:CMF) shares saw strong trading volume on Tuesday. Approximately 2,086,747 shares were traded during mid-day trading, an increase of 217% from the previous session’s volume of 657,699 shares. The stock last traded at $53.6950 and had previously closed at $53.92.

iShares California Muni Bond ETF Trading Down 0.4%

The stock’s fifty day moving average price is $56.04 and its 200-day moving average price is $56.81.

Institutional Trading of iShares California Muni Bond ETF

A number of large investors have recently made changes to their positions in the company. Legacy Wealth Managment LLC ID increased its holdings in 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 valued at $102,000 after purchasing an additional 191 shares in the last quarter. Shira Ridge Wealth Management grew its stake in iShares California Muni Bond ETF by 2.1% during the second quarter. Shira Ridge Wealth Management now owns 14,749 shares of the company’s stock worth $850,000 after purchasing an additional 301 shares during the period. Tillman Hartley LLC increased its stake in iShares California Muni Bond ETF by 1.9% in the fourth quarter. Tillman Hartley LLC now owns 19,126 shares of the company’s stock valued at $1,099,000 after purchasing an additional 358 shares in the last quarter. DeLarme Wealth Management Inc. grew its stake in iShares California Muni Bond ETF by 6.7% in the first quarter. DeLarme Wealth Management Inc. now owns 6,475 shares of the company’s stock valued at $368,000 after acquiring an additional 405 shares during the period. Finally, Warren Street Wealth Advisors LLC lifted its stake in shares of iShares California Muni Bond ETF by 0.8% in the first quarter. Warren Street Wealth Advisors LLC now owns 54,859 shares of the company’s stock valued at $3,119,000 after buying an additional 428 shares in 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.