iShares California Muni Bond ETF (NYSEARCA:CMF) Sets New 52-Week High – Here’s What Happened

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $57.70 and last traded at $57.7240, with a volume of 43814 shares trading hands. The stock had previously closed at $57.62.

iShares California Muni Bond ETF Trading Down 0.1%

The business has a fifty day moving average of $57.46 and a 200 day moving average of $56.67.

Institutional Investors Weigh In On iShares California Muni Bond ETF

Large investors have recently added to or reduced their stakes in the business. WFA of San Diego LLC acquired a new stake in shares of iShares California Muni Bond ETF in the second quarter valued at $26,000. Rosenberg Matthew Hamilton purchased a new stake in iShares California Muni Bond ETF during the 4th quarter worth about $30,000. Blue Trust Inc. acquired a new stake in iShares California Muni Bond ETF in the 3rd quarter valued at about $40,000. Root Financial Partners LLC acquired a new stake in iShares California Muni Bond ETF in the 3rd quarter valued at about $44,000. Finally, Founders Financial Alliance LLC purchased a new position in shares of iShares California Muni Bond ETF in the 3rd quarter valued at about $58,000.

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.