Destination Wealth Management Has $2.50 Million Stock Holdings in iShares California Muni Bond ETF $CMF

Destination Wealth Management boosted its stake in iShares California Muni Bond ETF (NYSEARCA:CMF) by 92.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,565 shares of the company’s stock after purchasing an additional 20,911 shares during the quarter. Destination Wealth Management’s holdings in iShares California Muni Bond ETF were worth $2,503,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CMF. Wealthfront Advisers LLC grew its holdings in shares of iShares California Muni Bond ETF by 29.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,109,731 shares of the company’s stock valued at $293,605,000 after buying an additional 1,151,376 shares during the last quarter. Jane Street Group LLC lifted its position in shares of 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 valued at $99,922,000 after purchasing an additional 760,870 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 valued at $484,964,000 after purchasing an additional 703,735 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares California Muni Bond ETF by 40.0% during the third quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock valued at $93,589,000 after purchasing an additional 468,664 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in shares of iShares California Muni Bond ETF during the fourth quarter valued at about $11,256,000.

iShares California Muni Bond ETF Price Performance

CMF opened at $57.31 on Friday. The company’s 50-day moving average is $57.20 and its 200 day moving average is $57.46. iShares California Muni Bond ETF has a fifty-two week low of $55.13 and a fifty-two week high of $58.44.

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.