iShares California Muni Bond ETF (NYSEARCA:CMF) shares hit a new 52-week high on Monday . The stock traded as high as $60.20 and last traded at $60.17, with a volume of 46715 shares. The stock had previously closed at $60.18.

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd were given a $0.1067 dividend. This is a positive change from iShares California Muni Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date was Wednesday, May 1st. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sontag Advisory LLC purchased a new position in iShares California Muni Bond ETF during the fourth quarter worth about $28,000. Cetera Advisors LLC purchased a new position in iShares California Muni Bond ETF during the first quarter valued at approximately $118,000. Atlas Capital Advisors LLC bought a new stake in iShares California Muni Bond ETF in the first quarter worth approximately $130,000. Enterprise Financial Services Corp bought a new stake in iShares California Muni Bond ETF in the first quarter worth approximately $167,000. Finally, Main Management LLC bought a new stake in iShares California Muni Bond ETF in the fourth quarter worth approximately $176,000.

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iShares California Muni Bond ETF Company Profile (NYSEARCA:CMF)

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.

See Also: Compound Annual Growth Rate (CAGR)

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