RiverFront Investment Group LLC Boosts Holdings in iShares California Muni Bond ETF $CMF

RiverFront Investment Group LLC boosted its position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 74.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 158,992 shares of the company’s stock after buying an additional 68,054 shares during the quarter. RiverFront Investment Group LLC’s holdings in iShares California Muni Bond ETF were worth $9,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CMF. Wealthfront Advisers LLC boosted its stake in 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 worth $293,605,000 after buying an additional 1,151,376 shares during the period. 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 worth $99,922,000 after purchasing an additional 760,870 shares during 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 worth $93,589,000 after purchasing an additional 468,664 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of iShares California Muni Bond ETF by 66.7% during the second quarter. Captrust Financial Advisors now owns 342,904 shares of the company’s stock worth $19,113,000 after purchasing an additional 137,264 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its position in shares of iShares California Muni Bond ETF by 636.1% during the second quarter. Orion Porfolio Solutions LLC now owns 134,094 shares of the company’s stock worth $7,474,000 after purchasing an additional 115,877 shares during the last quarter.

iShares California Muni Bond ETF Stock Performance

NYSEARCA:CMF opened at $56.79 on Monday. iShares California Muni Bond ETF has a twelve month low of $55.13 and a twelve month high of $58.44. The stock has a fifty day simple moving average of $57.21 and a 200-day simple moving average of $57.51.

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.