First Foundation Advisors Increases Position in iShares California Muni Bond ETF $CMF

First Foundation Advisors lifted its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 367,283 shares of the company’s stock after buying an additional 20,356 shares during the quarter. iShares California Muni Bond ETF makes up about 0.8% of First Foundation Advisors’ portfolio, making the stock its 24th biggest position. First Foundation Advisors’ holdings in iShares California Muni Bond ETF were worth $21,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMF. Bailard Inc. lifted its position in shares of iShares California Muni Bond ETF by 0.3% during the fourth quarter. Bailard Inc. now owns 1,439,125 shares of the company’s stock worth $82,692,000 after purchasing an additional 4,372 shares during the last quarter. Brio Consultants LLC increased its stake in iShares California Muni Bond ETF by 6.0% in the 4th quarter. Brio Consultants LLC now owns 198,177 shares of the company’s stock worth $11,387,000 after buying an additional 11,286 shares during the period. Ballast Rock Private Wealth LLC purchased a new position in iShares California Muni Bond ETF in the 4th quarter worth about $2,308,000. Apeiron RIA LLC bought a new stake in iShares California Muni Bond ETF during the 4th quarter valued at about $301,000. Finally, Legacy Wealth Managment LLC ID bought a new stake in iShares California Muni Bond ETF during the 4th quarter valued at about $92,000.

iShares California Muni Bond ETF Stock Performance

Shares of CMF stock opened at $57.12 on Wednesday. The company’s 50-day simple moving average is $57.27 and its two-hundred day simple moving average is $57.53. iShares California Muni Bond ETF has a one year low of $55.13 and a one year high of $58.44.

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. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.