Merriman Wealth Management LLC Trims Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

Merriman Wealth Management LLC trimmed its stake in iShares California Muni Bond ETF (NYSEARCA:CMF) by 7.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,208 shares of the company’s stock after selling 1,593 shares during the quarter. Merriman Wealth Management LLC’s holdings in iShares California Muni Bond ETF were worth $1,149,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CMF. EP Wealth Advisors LLC raised its position in shares of iShares California Muni Bond ETF by 191.2% in the 4th quarter. EP Wealth Advisors LLC now owns 1,266,277 shares of the company’s stock worth $73,368,000 after acquiring an additional 831,444 shares in the last quarter. Charles Schwab Investment Advisory Inc. raised its holdings 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 worth $551,382,000 after purchasing an additional 498,699 shares in the last quarter. Jane Street Group LLC lifted its position in iShares California Muni Bond ETF by 3,083.8% during the first quarter. Jane Street Group LLC now owns 350,698 shares of the company’s stock valued at $20,179,000 after buying an additional 339,683 shares during the period. Financial Connections Group Inc. bought a new stake in shares of iShares California Muni Bond ETF during the 2nd quarter valued at $14,000,000. Finally, Facet Wealth Inc. boosted its holdings in shares of iShares California Muni Bond ETF by 60.3% during the 1st quarter. Facet Wealth Inc. now owns 463,495 shares of the company’s stock valued at $26,461,000 after buying an additional 174,372 shares in the last quarter.

iShares California Muni Bond ETF Stock Performance

Shares of iShares California Muni Bond ETF stock opened at $58.04 on Friday. iShares California Muni Bond ETF has a 1 year low of $53.92 and a 1 year high of $58.12. The company has a 50-day moving average of $57.63 and a 200 day moving average of $57.27.

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.