Sand Hill Global Advisors LLC Acquires New Position in iShares California Muni Bond ETF $CMF

Sand Hill Global Advisors LLC acquired a new stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) in the 2nd quarter, HoldingsChannel reports. The firm acquired 89,315 shares of the company’s stock, valued at approximately $4,978,000.

A number of other large investors have also recently modified their holdings of CMF. Bailard Inc. increased its stake in shares of iShares California Muni Bond ETF by 16.7% in the 2nd quarter. Bailard Inc. now owns 1,344,831 shares of the company’s stock valued at $74,961,000 after purchasing an additional 192,697 shares during the last quarter. Facet Wealth Inc. boosted its stake in iShares California Muni Bond ETF by 24.0% in the second quarter. Facet Wealth Inc. now owns 1,278,713 shares of the company’s stock valued at $70,892,000 after buying an additional 247,805 shares in the last quarter. Jane Street Group LLC acquired a new stake in iShares California Muni Bond ETF in the first quarter valued at about $58,068,000. TIAA Trust National Association grew its position in iShares California Muni Bond ETF by 31.5% in the second quarter. TIAA Trust National Association now owns 732,028 shares of the company’s stock valued at $40,803,000 after acquiring an additional 175,539 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in iShares California Muni Bond ETF by 10.7% in the second quarter. Envestnet Asset Management Inc. now owns 519,514 shares of the company’s stock valued at $28,958,000 after acquiring an additional 50,276 shares during the last quarter.

iShares California Muni Bond ETF Price Performance

CMF stock opened at $57.36 on Thursday. iShares California Muni Bond ETF has a 12 month low of $53.61 and a 12 month high of $58.02. The firm has a 50-day moving average price of $57.42 and a 200-day moving average price of $56.39.

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.