iShares California Muni Bond ETF (NYSEARCA:CMF) Reaches New 52-Week High at $58.14

iShares California Muni Bond ETF (NYSEARCA:CMF) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $58.14 and last traded at $58.14, with a volume of 60218 shares traded. The stock had previously closed at $58.02.

iShares California Muni Bond ETF Stock Up 0.2 %

The company’s 50 day simple moving average is $57.69 and its 200 day simple moving average is $57.27.

Institutional Trading of iShares California Muni Bond ETF

A number of hedge funds have recently added to or reduced their stakes in CMF. Sanctuary Advisors LLC purchased a new position in shares of iShares California Muni Bond ETF during the 2nd quarter worth about $3,675,000. EP Wealth Advisors LLC increased its position in iShares California Muni Bond ETF by 0.9% during the second quarter. EP Wealth Advisors LLC now owns 1,273,710 shares of the company’s stock worth $72,449,000 after purchasing an additional 11,062 shares during the last quarter. NewEdge Advisors LLC raised its stake in iShares California Muni Bond ETF by 551.1% during the second quarter. NewEdge Advisors LLC now owns 125,813 shares of the company’s stock worth $7,156,000 after purchasing an additional 106,490 shares during the period. Affinity Capital Advisors LLC boosted its holdings in shares of iShares California Muni Bond ETF by 8.1% in the 2nd quarter. Affinity Capital Advisors LLC now owns 103,852 shares of the company’s stock valued at $5,907,000 after purchasing an additional 7,745 shares during the last quarter. Finally, Kowal Investment Group LLC purchased a new stake in shares of iShares California Muni Bond ETF during the 2nd quarter valued at $2,546,000.

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.