iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Volume Increase – Time to Buy?

iShares California Muni Bond ETF (NYSEARCA:CMF) shares saw an uptick in trading volume on Tuesday . 1,141,555 shares traded hands during trading, an increase of 136% from the previous session’s volume of 483,050 shares.The stock last traded at $55.80 and had previously closed at $56.19.

iShares California Muni Bond ETF Stock Down 0.8%

The business has a fifty day simple moving average of $56.94 and a 200 day simple moving average of $57.22.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in iShares California Muni Bond ETF by 35.8% during the first quarter. AQR Capital Management LLC now owns 8,556 shares of the company’s stock worth $482,000 after acquiring an additional 2,256 shares in the last quarter. Brown Advisory Inc. boosted its position in iShares California Muni Bond ETF by 202.7% during the 2nd quarter. Brown Advisory Inc. now owns 11,991 shares of the company’s stock worth $668,000 after buying an additional 8,029 shares during the period. Qube Research & Technologies Ltd boosted its position in iShares California Muni Bond ETF by 189.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 7,283 shares of the company’s stock worth $406,000 after buying an additional 4,768 shares during the period. Sei Investments Co. grew its holdings in iShares California Muni Bond ETF by 12.1% during the 2nd quarter. Sei Investments Co. now owns 274,376 shares of the company’s stock worth $15,294,000 after acquiring an additional 29,539 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in iShares California Muni Bond ETF by 11.8% during the 2nd quarter. Alliancebernstein L.P. now owns 219,598 shares of the company’s stock worth $12,240,000 after acquiring an additional 23,100 shares during the last quarter.

About iShares California Muni Bond ETF

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.