iShares California Muni Bond ETF (NYSEARCA:CMF) Sets New 12-Month High at $58.09

iShares California Muni Bond ETF (NYSEARCA:CMF) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $58.09 and last traded at $58.02, with a volume of 97087 shares changing hands. The stock had previously closed at $58.06.

iShares California Muni Bond ETF Trading Down 0.1 %

The stock’s 50-day simple moving average is $57.62 and its 200 day simple moving average is $57.27.

Hedge Funds Weigh In On iShares California Muni Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Advisory Inc. boosted its position in shares of iShares California Muni Bond ETF by 5.5% during the 1st quarter. Charles Schwab Investment Advisory Inc. now owns 9,582,583 shares of the company’s stock worth $551,382,000 after purchasing an additional 498,699 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of iShares California Muni Bond ETF by 0.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,273,710 shares of the company’s stock worth $72,449,000 after acquiring an additional 11,062 shares during the last quarter. UBS Group AG raised its holdings in shares of iShares California Muni Bond ETF by 12.6% in the 4th quarter. UBS Group AG now owns 893,926 shares of the company’s stock worth $51,794,000 after acquiring an additional 100,346 shares during the last quarter. Bailard Inc. raised its holdings in shares of iShares California Muni Bond ETF by 7.5% in the 2nd quarter. Bailard Inc. now owns 712,097 shares of the company’s stock worth $40,504,000 after acquiring an additional 49,388 shares during the last quarter. Finally, TIAA Trust National Association raised its holdings in shares of iShares California Muni Bond ETF by 0.9% in the 2nd quarter. TIAA Trust National Association now owns 647,570 shares of the company’s stock worth $36,834,000 after acquiring an additional 5,990 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.