iShares California Muni Bond ETF (NYSEARCA:CMF) Reaches New 1-Year High – Still a Buy?

iShares California Muni Bond ETF (NYSEARCA:CMF) hit a new 52-week high on Tuesday . The company traded as high as $58.22 and last traded at $58.2150, with a volume of 171429 shares. The stock had previously closed at $58.16.

iShares California Muni Bond ETF Stock Up 0.0%

The business’s fifty day moving average is $57.67 and its two-hundred day moving average is $57.14.

Institutional Trading of iShares California Muni Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Equitable Holdings Inc. lifted its position in iShares California Muni Bond ETF by 41.6% during the 4th quarter. Equitable Holdings Inc. now owns 5,486 shares of the company’s stock valued at $315,000 after purchasing an additional 1,611 shares during the period. Laird Norton Wetherby Trust Company LLC acquired a new stake in iShares California Muni Bond ETF during the 4th quarter worth $1,000,000. Fairview Capital Investment Management LLC raised its position in shares of iShares California Muni Bond ETF by 9.6% during the 4th quarter. Fairview Capital Investment Management LLC now owns 33,171 shares of the company’s stock valued at $1,906,000 after acquiring an additional 2,901 shares during the last quarter. Captrust Financial Advisors raised its position in shares of iShares California Muni Bond ETF by 15.8% during the 4th quarter. Captrust Financial Advisors now owns 351,386 shares of the company’s stock valued at $20,191,000 after acquiring an additional 47,939 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of iShares California Muni Bond ETF by 6.9% in the 4th quarter. Royal Bank of Canada now owns 450,421 shares of the company’s stock valued at $25,881,000 after purchasing an additional 29,171 shares during the period.

iShares California Muni Bond ETF Company 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.