Independent Financial Group LLC Invests $641,000 in iShares California Muni Bond ETF $CMF

Independent Financial Group LLC bought a new stake in iShares California Muni Bond ETF (NYSEARCA:CMF) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,269 shares of the company’s stock, valued at approximately $641,000.

Several other institutional investors and hedge funds have also modified their holdings of CMF. WFA of San Diego LLC acquired a new position in shares of iShares California Muni Bond ETF in the second quarter valued at about $26,000. Optima Capital LLC acquired a new stake in iShares California Muni Bond ETF in the 4th quarter worth about $50,000. Ares Financial Consulting LLC acquired a new stake in iShares California Muni Bond ETF in the 4th quarter worth about $67,000. Richards Merrill & Peterson Inc. bought a new stake in iShares California Muni Bond ETF in the 4th quarter valued at about $70,000. Finally, Geneos Wealth Management Inc. bought a new stake in iShares California Muni Bond ETF in the 4th quarter valued at about $81,000.

iShares California Muni Bond ETF Stock Performance

Shares of NYSEARCA:CMF opened at $56.81 on Thursday. iShares California Muni Bond ETF has a 12-month low of $55.17 and a 12-month high of $58.44. The company’s 50 day moving average price is $57.26 and its two-hundred day moving average price is $57.45.

iShares California Muni Bond ETF Company 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.