LPL Financial LLC Sells 25,945 Shares of iShares California Muni Bond ETF (NYSEARCA:CMF)

LPL Financial LLC reduced its holdings in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 690,258 shares of the company’s stock after selling 25,945 shares during the quarter. LPL Financial LLC’s holdings in iShares California Muni Bond ETF were worth $39,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Advisory Inc. raised its position in iShares California Muni Bond ETF by 5.5% in the first quarter. Charles Schwab Investment Advisory Inc. now owns 9,582,583 shares of the company’s stock valued at $551,382,000 after purchasing an additional 498,699 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of iShares California Muni Bond ETF by 191.2% in the fourth quarter. EP Wealth Advisors LLC now owns 1,266,277 shares of the company’s stock valued at $73,368,000 after buying an additional 831,444 shares during the period. UBS Group AG increased its stake in shares of iShares California Muni Bond ETF by 12.6% in the fourth quarter. UBS Group AG now owns 893,926 shares of the company’s stock valued at $51,794,000 after buying an additional 100,346 shares during the period. Bailard Inc. increased its stake in shares of iShares California Muni Bond ETF by 7.5% in the second quarter. Bailard Inc. now owns 712,097 shares of the company’s stock valued at $40,504,000 after buying an additional 49,388 shares during the period. Finally, TIAA Trust National Association increased its stake in shares of iShares California Muni Bond ETF by 0.9% in the second quarter. TIAA Trust National Association now owns 647,570 shares of the company’s stock valued at $36,834,000 after buying an additional 5,990 shares during the period.

iShares California Muni Bond ETF Price Performance

Shares of CMF stock opened at $58.02 on Monday. The stock has a 50-day moving average of $57.54 and a 200-day moving average of $57.25. iShares California Muni Bond ETF has a 1-year low of $53.92 and a 1-year high of $58.09.

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.