iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Unusually-High Trading Volume – Here’s What Happened

iShares California Muni Bond ETF (NYSEARCA:CMF) saw an uptick in trading volume on Tuesday . 892,101 shares were traded during trading, an increase of 88% from the previous session’s volume of 473,514 shares.The stock last traded at $56.68 and had previously closed at $57.01.

iShares California Muni Bond ETF Stock Down 0.2%

The stock’s 50 day moving average is $57.78 and its 200-day moving average is $57.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CMF. EP Wealth Advisors LLC bought a new stake in shares of iShares California Muni Bond ETF during the fourth quarter valued at approximately $67,285,000. Wealthfront Advisers LLC raised its holdings in iShares California Muni Bond ETF by 29.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,109,731 shares of the company’s stock worth $293,605,000 after purchasing an additional 1,151,376 shares in the last quarter. Jane Street Group LLC raised its holdings in iShares California Muni Bond ETF by 73.7% in the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock worth $99,922,000 after purchasing an additional 760,870 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in iShares California Muni Bond ETF by 9.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock valued at $484,964,000 after buying an additional 703,735 shares during the period. Finally, Bank of America Corp DE lifted its position in iShares California Muni Bond ETF by 40.0% during the third quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock valued at $93,589,000 after buying an additional 468,664 shares during the period.

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.