HighTower Advisors LLC Grows Stock Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

HighTower Advisors LLC boosted its stake in iShares California Muni Bond ETF (NYSEARCA:CMF) by 28.5% in the fourth quarter, Holdings Channel reports. The fund owned 42,746 shares of the company’s stock after buying an additional 9,470 shares during the quarter. HighTower Advisors LLC’s holdings in iShares California Muni Bond ETF were worth $2,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealthfront Advisers LLC boosted its holdings in iShares California Muni Bond ETF by 951.2% in the 4th quarter. Wealthfront Advisers LLC now owns 205,155 shares of the company’s stock worth $11,103,000 after acquiring an additional 185,638 shares during the period. Citizens Financial Group Inc. RI purchased a new position in iShares California Muni Bond ETF in the 4th quarter worth approximately $206,000. Bell Investment Advisors Inc boosted its holdings in iShares California Muni Bond ETF by 8.2% in the 4th quarter. Bell Investment Advisors Inc now owns 64,206 shares of the company’s stock worth $3,678,000 after acquiring an additional 4,853 shares during the period. Destination Wealth Management boosted its holdings in iShares California Muni Bond ETF by 22.3% in the 4th quarter. Destination Wealth Management now owns 17,501 shares of the company’s stock worth $1,002,000 after acquiring an additional 3,191 shares during the period. Finally, One Capital Management LLC boosted its holdings in iShares California Muni Bond ETF by 39.8% in the 4th quarter. One Capital Management LLC now owns 37,520 shares of the company’s stock worth $2,149,000 after acquiring an additional 10,675 shares during the period.

iShares California Muni Bond ETF Stock Performance

NYSEARCA CMF opened at $56.54 on Friday. iShares California Muni Bond ETF has a fifty-two week low of $56.32 and a fifty-two week high of $58.18. The business has a 50 day moving average price of $56.88 and a two-hundred day moving average price of $57.32.

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.