iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Strong Trading Volume – Should You Buy?

iShares California Muni Bond ETF (NYSEARCA:CMF) shares saw an uptick in trading volume on Tuesday . 2,108,717 shares were traded during mid-day trading, an increase of 469% from the previous session’s volume of 370,705 shares.The stock last traded at $54.82 and had previously closed at $55.29.

iShares California Muni Bond ETF Trading Down 1.4 %

The business has a fifty day moving average price of $56.76 and a two-hundred day moving average price of $57.18.

Institutional Investors Weigh In On iShares California Muni Bond ETF

Institutional investors have recently modified their holdings of the company. Myecfo LLC increased its stake in iShares California Muni Bond ETF by 1.9% during the 1st quarter. Myecfo LLC now owns 228,833 shares of the company’s stock worth $12,879,000 after buying an additional 4,219 shares during the period. GAMMA Investing LLC raised its stake in shares of iShares California Muni Bond ETF by 6,726.6% in the first quarter. GAMMA Investing LLC now owns 470,557 shares of the company’s stock valued at $26,483,000 after acquiring an additional 463,664 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares California Muni Bond ETF by 39.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,036 shares of the company’s stock valued at $1,090,000 after purchasing an additional 5,377 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in iShares California Muni Bond ETF by 25.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 7,918 shares of the company’s stock valued at $454,000 after purchasing an additional 1,618 shares during the period. Finally, Silver Oak Wealth Advisors Services LLC acquired a new position in iShares California Muni Bond ETF during the 4th quarter worth $1,113,000.

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.