iShares California Muni Bond ETF (NYSEARCA:CMF) Reaches New 52-Week High – Time to Buy?

iShares California Muni Bond ETF (NYSEARCA:CMF)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $57.93 and last traded at $57.8960, with a volume of 105630 shares. The stock had previously closed at $57.83.

iShares California Muni Bond ETF Price Performance

The business has a fifty day moving average price of $57.58 and a 200 day moving average price of $57.00.

Institutional Trading of iShares California Muni Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of 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 valued at $482,000 after buying an additional 2,256 shares in the last quarter. US Bancorp DE lifted its position in iShares California Muni Bond ETF by 12.0% in the second quarter. US Bancorp DE now owns 66,807 shares of the company’s stock valued at $3,724,000 after acquiring an additional 7,184 shares during the last quarter. One Degree Advisors Inc purchased a new stake in iShares California Muni Bond ETF in the second quarter valued at $871,000. CWM LLC boosted its stake in iShares California Muni Bond ETF by 16.1% in the second quarter. CWM LLC now owns 123,259 shares of the company’s stock valued at $6,870,000 after acquiring an additional 17,070 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares California Muni Bond ETF by 16.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 239,443 shares of the company’s stock worth $13,347,000 after purchasing an additional 34,700 shares during the last quarter.

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.