Beacon Pointe Advisors LLC trimmed its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF – Free Report) by 6.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 122,631 shares of the company’s stock after selling 8,428 shares during the period. Beacon Pointe Advisors LLC’s holdings in iShares California Muni Bond ETF were worth $7,024,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Asset Planning Inc acquired a new position in shares of iShares California Muni Bond ETF in the 4th quarter worth approximately $40,000. Parkworth Wealth Management Inc. acquired a new position in shares of iShares California Muni Bond ETF in the 4th quarter worth approximately $62,000. Creative Financial Designs Inc. ADV acquired a new position in shares of iShares California Muni Bond ETF in the 4th quarter worth approximately $63,000. Angeles Wealth Management LLC grew its stake in shares of iShares California Muni Bond ETF by 209.1% in the 4th quarter. Angeles Wealth Management LLC now owns 1,802 shares of the company’s stock worth $103,000 after purchasing an additional 1,219 shares during the last quarter. Finally, Bradley & Co. Private Wealth Management LLC acquired a new position in shares of iShares California Muni Bond ETF in the 4th quarter worth approximately $184,000.
iShares California Muni Bond ETF Stock Up 0.4 %
Shares of CMF opened at $55.60 on Tuesday. The firm’s 50 day moving average is $56.13 and its 200-day moving average is $56.85. iShares California Muni Bond ETF has a 12-month low of $53.61 and a 12-month high of $58.18.
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.
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Want to see what other hedge funds are holding CMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares California Muni Bond ETF (NYSEARCA:CMF – Free Report).
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