Axxcess Wealth Management LLC Takes Position in iShares California Muni Bond ETF $CMF

Axxcess Wealth Management LLC purchased a new position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 195,887 shares of the company’s stock, valued at approximately $11,256,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Affinity Capital Advisors LLC boosted its holdings in iShares California Muni Bond ETF by 5.6% during the fourth quarter. Affinity Capital Advisors LLC now owns 269,594 shares of the company’s stock worth $15,491,000 after purchasing an additional 14,208 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares California Muni Bond ETF by 12.2% during the third quarter. Envestnet Asset Management Inc. now owns 583,104 shares of the company’s stock worth $33,260,000 after purchasing an additional 63,590 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in iShares California Muni Bond ETF by 167.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 37,217 shares of the company’s stock worth $2,123,000 after purchasing an additional 23,321 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in iShares California Muni Bond ETF by 40.2% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 34,071 shares of the company’s stock worth $1,943,000 after acquiring an additional 9,776 shares during the period. Finally, Sagespring Wealth Partners LLC bought a new stake in iShares California Muni Bond ETF in the fourth quarter worth about $845,000.

iShares California Muni Bond ETF Stock Up 0.1%

Shares of CMF stock opened at $56.84 on Friday. iShares California Muni Bond ETF has a 52 week low of $55.13 and a 52 week high of $58.44. The firm’s 50-day simple moving average is $57.12 and its two-hundred day simple moving average is $57.48.

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. 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.