Sequoia Financial Advisors LLC Invests $520,000 in iShares California Muni Bond ETF (NYSEARCA:CMF)

Sequoia Financial Advisors LLC bought a new stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,073 shares of the company’s stock, valued at approximately $520,000.

Several other large investors have also added to or reduced their stakes in the business. PFG Advisors lifted its stake in iShares California Muni Bond ETF by 5.0% in the fourth quarter. PFG Advisors now owns 5,724 shares of the company’s stock valued at $328,000 after buying an additional 272 shares during the period. HighTower Advisors LLC lifted its position in shares of iShares California Muni Bond ETF by 28.5% during the 4th quarter. HighTower Advisors LLC now owns 42,746 shares of the company’s stock valued at $2,448,000 after acquiring an additional 9,470 shares during the period. Wealthfront Advisers LLC lifted its position in shares of iShares California Muni Bond ETF by 951.2% during the 4th quarter. Wealthfront Advisers LLC now owns 205,155 shares of the company’s stock valued at $11,103,000 after acquiring an additional 185,638 shares during the period. Citizens Financial Group Inc. RI bought a new position in iShares California Muni Bond ETF during the fourth quarter worth $206,000. Finally, Bell Investment Advisors Inc grew its holdings in iShares California Muni Bond ETF by 8.2% in the fourth quarter. Bell Investment Advisors Inc now owns 64,206 shares of the company’s stock worth $3,678,000 after purchasing an additional 4,853 shares during the period.

iShares California Muni Bond ETF Trading Up 0.1 %

Shares of NYSEARCA CMF opened at $56.60 on Tuesday. The firm’s 50-day moving average price is $56.91 and its 200-day moving average price is $57.35. iShares California Muni Bond ETF has a 1-year low of $56.32 and a 1-year high of $58.18.

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.