Bank of America Corp DE Has $104.44 Million Stake in iShares California Muni Bond ETF $CMF

Bank of America Corp DE reduced its stake in iShares California Muni Bond ETF (NYSEARCA:CMF) by 5.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,836,874 shares of the company’s stock after selling 96,775 shares during the period. Bank of America Corp DE owned approximately 2.46% of iShares California Muni Bond ETF worth $104,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. EP Wealth Advisors LLC acquired a new stake in shares of iShares California Muni Bond ETF during the 4th quarter worth $67,285,000. Wealthfront Advisers LLC raised its stake 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 valued at $293,605,000 after purchasing an additional 1,151,376 shares in the last quarter. Jane Street Group LLC lifted its position in iShares California Muni Bond ETF by 73.7% during the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock worth $99,922,000 after purchasing an additional 760,870 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 purchasing an additional 703,735 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in iShares California Muni Bond ETF during the fourth quarter worth about $11,256,000.

iShares California Muni Bond ETF Trading Up 0.3%

Shares of iShares California Muni Bond ETF stock opened at $56.83 on Friday. iShares California Muni Bond ETF has a 12-month low of $55.56 and a 12-month high of $58.44. The firm’s 50-day moving average price is $57.18 and its two-hundred day moving average price is $57.36.

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.