Facet Wealth Inc. Buys 156,961 Shares of iShares California Muni Bond ETF (NYSEARCA:CMF)

Facet Wealth Inc. grew its stake in iShares California Muni Bond ETF (NYSEARCA:CMF) by 15.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,148,937 shares of the company’s stock after purchasing an additional 156,961 shares during the period. iShares California Muni Bond ETF makes up about 1.7% of Facet Wealth Inc.’s portfolio, making the stock its 14th biggest position. Facet Wealth Inc.’s holdings in iShares California Muni Bond ETF were worth $65,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CMF. Charles Schwab Investment Management Inc. raised its holdings in iShares California Muni Bond ETF by 37.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,245,170 shares of the company’s stock worth $769,677,000 after purchasing an additional 3,640,060 shares in the last quarter. Life Planning Partners Inc raised its holdings in iShares California Muni Bond ETF by 6,321.2% in the 4th quarter. Life Planning Partners Inc now owns 477,543 shares of the company’s stock worth $27,354,000 after purchasing an additional 470,106 shares in the last quarter. FMR LLC raised its holdings in iShares California Muni Bond ETF by 4.6% in the 3rd quarter. FMR LLC now owns 5,909,686 shares of the company’s stock worth $343,412,000 after purchasing an additional 261,806 shares in the last quarter. Bailard Inc. grew its position in shares of iShares California Muni Bond ETF by 25.1% in the 4th quarter. Bailard Inc. now owns 1,063,062 shares of the company’s stock worth $60,892,000 after buying an additional 213,617 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of iShares California Muni Bond ETF in the 4th quarter worth about $11,396,000.

iShares California Muni Bond ETF Price Performance

Shares of CMF stock opened at $56.55 on Friday. iShares California Muni Bond ETF has a one year low of $56.32 and a one year high of $58.18. The company’s 50-day moving average is $56.92 and its 200 day moving average is $57.36.

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.