iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Unusually-High Trading Volume – Here’s What Happened

iShares California Muni Bond ETF (NYSEARCA:CMF) saw unusually-high trading volume on Thursday . 2,182,895 shares were traded during trading, an increase of 314% from the previous session’s volume of 527,284 shares.The stock last traded at $55.1050 and had previously closed at $55.45.

iShares California Muni Bond ETF Price Performance

The business has a fifty day moving average of $56.68 and a 200 day moving average of $57.10.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Several large investors have recently modified their holdings of CMF. Charles Schwab Investment Management Inc. grew its holdings in shares of iShares California Muni Bond ETF by 9.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,440,029 shares of the company’s stock worth $484,964,000 after purchasing an additional 703,735 shares during the period. Wealthfront Advisers LLC raised its holdings in iShares California Muni Bond ETF by 21.3% in the 1st quarter. Wealthfront Advisers LLC now owns 6,199,721 shares of the company’s stock valued at $352,516,000 after buying an additional 1,089,990 shares during the period. Jane Street Group LLC lifted its position in iShares California Muni Bond ETF by 73.7% in the second quarter. Jane Street Group LLC now owns 1,792,639 shares of the company’s stock valued at $99,922,000 after buying an additional 760,870 shares during the last quarter. Morgan Stanley lifted its position in iShares California Muni Bond ETF by 1.2% in the fourth quarter. Morgan Stanley now owns 1,790,589 shares of the company’s stock valued at $102,887,000 after buying an additional 20,936 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in iShares California Muni Bond ETF by 40.0% during the third quarter. Bank of America Corp DE now owns 1,640,770 shares of the company’s stock worth $93,589,000 after buying an additional 468,664 shares during the period.

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.