Wealthfront Advisers LLC Raises Stock Holdings in iShares California Muni Bond ETF $CMF

Wealthfront Advisers LLC lifted its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 21.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,199,721 shares of the company’s stock after acquiring an additional 1,089,990 shares during the quarter. iShares California Muni Bond ETF makes up approximately 0.8% of Wealthfront Advisers LLC’s holdings, making the stock its 24th biggest position. Wealthfront Advisers LLC owned about 8.32% of iShares California Muni Bond ETF worth $352,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new stake in iShares California Muni Bond ETF during the 1st quarter valued at approximately $213,000. Geneos Wealth Management Inc. grew its stake in iShares California Muni Bond ETF by 89.7% during the first quarter. Geneos Wealth Management Inc. now owns 2,684 shares of the company’s stock valued at $153,000 after acquiring an additional 1,269 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in iShares California Muni Bond ETF by 6.8% in the 1st quarter. Sanctuary Advisors LLC now owns 129,377 shares of the company’s stock valued at $7,356,000 after acquiring an additional 8,246 shares during the last quarter. NWF Advisory Services Inc. increased its holdings in iShares California Muni Bond ETF by 5.1% in the 1st quarter. NWF Advisory Services Inc. now owns 15,960 shares of the company’s stock valued at $907,000 after acquiring an additional 773 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its stake in iShares California Muni Bond ETF by 43.3% in the 1st quarter. Valmark Advisers Inc. now owns 80,669 shares of the company’s stock worth $4,587,000 after purchasing an additional 24,382 shares in the last quarter.

iShares California Muni Bond ETF Stock Down 0.2%

Shares of CMF opened at $57.25 on Thursday. iShares California Muni Bond ETF has a 1 year low of $55.13 and a 1 year high of $58.44. The business’s 50 day simple moving average is $57.28 and its 200-day simple moving average is $57.47.

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.