Ehrlich Financial Group Decreases Stock Position in iShares California Muni Bond ETF $CMF

Ehrlich Financial Group lowered its position in iShares California Muni Bond ETF (NYSEARCA:CMF) by 20.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 68,904 shares of the company’s stock after selling 17,897 shares during the quarter. iShares California Muni Bond ETF makes up about 2.3% of Ehrlich Financial Group’s investment portfolio, making the stock its 10th largest position. Ehrlich Financial Group’s holdings in iShares California Muni Bond ETF were worth $3,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of CMF. AQR Capital Management LLC increased 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 worth $482,000 after buying an additional 2,256 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of iShares California Muni Bond ETF by 33.9% in the second quarter. Avantax Advisory Services Inc. now owns 80,438 shares of the company’s stock valued at $4,484,000 after acquiring an additional 20,383 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of iShares California Muni Bond ETF by 8.9% in the second quarter. Rockefeller Capital Management L.P. now owns 33,988 shares of the company’s stock valued at $1,895,000 after acquiring an additional 2,780 shares in the last quarter. Perennial Investment Advisors LLC boosted its stake in shares of iShares California Muni Bond ETF by 26.6% in the second quarter. Perennial Investment Advisors LLC now owns 7,433 shares of the company’s stock worth $414,000 after acquiring an additional 1,561 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of iShares California Muni Bond ETF by 5.4% in the second quarter. JPMorgan Chase & Co. now owns 519,217 shares of the company’s stock worth $28,941,000 after acquiring an additional 26,680 shares during the period.

iShares California Muni Bond ETF Trading Down 0.2%

NYSEARCA:CMF opened at $57.30 on Friday. The stock has a 50-day moving average price of $57.86 and a 200 day moving average price of $57.46. iShares California Muni Bond ETF has a 12-month low of $53.61 and a 12-month 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.