iShares California Muni Bond ETF $CMF Stake Raised by Apella Capital LLC

Apella Capital LLC lifted its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 15.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 236,278 shares of the company’s stock after purchasing an additional 31,585 shares during the quarter. Apella Capital LLC’s holdings in iShares California Muni Bond ETF were worth $12,724,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CMF. Boltwood Capital Management purchased a new stake in iShares California Muni Bond ETF during the third quarter worth about $807,000. Montecito Bank & Trust acquired a new position in iShares California Muni Bond ETF during the third quarter worth about $349,000. Envestnet Asset Management Inc. increased its holdings in iShares California Muni Bond ETF by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,118,263 shares of the company’s stock valued at $64,457,000 after buying an additional 97,204 shares in the last quarter. Van Hulzen Asset Management LLC increased its holdings in iShares California Muni Bond ETF by 17.3% in the second quarter. Van Hulzen Asset Management LLC now owns 5,935 shares of the company’s stock valued at $342,000 after buying an additional 875 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of iShares California Muni Bond ETF during the 2nd quarter valued at approximately $1,959,000.

iShares California Muni Bond ETF Price Performance

Shares of NYSEARCA:CMF traded down $0.07 during trading on Thursday, hitting $53.77. 3,909,465 shares of the stock were exchanged, compared to its average volume of 772,091. The company has a fifty day moving average price of $55.67 and a two-hundred day moving average price of $56.65. iShares California Muni Bond ETF has a 12-month low of $53.62 and a 12-month high of $58.44.

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. 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.