Diversified Portfolios Inc. Acquires Shares of 9,139 iShares California Muni Bond ETF $CMF

Diversified Portfolios Inc. bought a new stake in iShares California Muni Bond ETF (NYSEARCA:CMF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,139 shares of the company’s stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also modified their holdings of CMF. AQR Capital Management LLC lifted its stake in iShares California Muni Bond ETF by 35.8% in the 1st quarter. AQR Capital Management LLC now owns 8,556 shares of the company’s stock valued at $482,000 after buying an additional 2,256 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in shares of iShares California Muni Bond ETF during the second quarter valued at approximately $584,000. Atlas Legacy Advisors LLC lifted its position in shares of iShares California Muni Bond ETF by 449.7% in the second quarter. Atlas Legacy Advisors LLC now owns 203,783 shares of the company’s stock valued at $11,359,000 after acquiring an additional 166,711 shares in the last quarter. Bailard Inc. lifted its position in shares of iShares California Muni Bond ETF by 16.7% in the second quarter. Bailard Inc. now owns 1,344,831 shares of the company’s stock valued at $74,961,000 after acquiring an additional 192,697 shares in the last quarter. Finally, Empower Advisory Group LLC boosted its stake in shares of iShares California Muni Bond ETF by 7.6% in the second quarter. Empower Advisory Group LLC now owns 27,495 shares of the company’s stock worth $1,533,000 after acquiring an additional 1,932 shares during the last quarter.

iShares California Muni Bond ETF Trading Up 0.1%

Shares of CMF opened at $57.82 on Thursday. The stock has a 50 day moving average price of $57.86 and a 200 day moving average price of $57.34. iShares California Muni Bond ETF has a one year low of $53.61 and a one year high of $58.44.

iShares California Muni Bond ETF 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.