iShares California Muni Bond ETF (NYSEARCA:CMF) Hits New 1-Year Low – What’s Next?

iShares California Muni Bond ETF (NYSEARCA:CMF)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $56.27 and last traded at $56.27, with a volume of 16260 shares changing hands. The stock had previously closed at $56.34.

iShares California Muni Bond ETF Price Performance

The company’s 50-day simple moving average is $56.87 and its 200-day simple moving average is $57.30.

Institutional Trading of iShares California Muni Bond ETF

Several large investors have recently modified their holdings of the business. FMR LLC boosted its stake in iShares California Muni Bond ETF by 4.6% during the 3rd quarter. FMR LLC now owns 5,909,686 shares of the company’s stock valued at $343,412,000 after acquiring an additional 261,806 shares during the last quarter. Bank of America Corp DE lifted its holdings in iShares California Muni Bond ETF by 24.7% during the 4th quarter. Bank of America Corp DE now owns 1,693,917 shares of the company’s stock worth $97,028,000 after buying an additional 335,577 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in iShares California Muni Bond ETF by 8.7% during the 4th quarter. EP Wealth Advisors LLC now owns 1,422,978 shares of the company’s stock worth $81,508,000 after buying an additional 113,763 shares during the last quarter. Facet Wealth Inc. grew its position in shares of iShares California Muni Bond ETF by 15.8% in the 4th quarter. Facet Wealth Inc. now owns 1,148,937 shares of the company’s stock worth $65,409,000 after acquiring an additional 156,961 shares in the last quarter. Finally, Bailard Inc. increased its holdings 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 valued at $60,892,000 after acquiring an additional 213,617 shares during the last quarter.

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.