iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Large Volume Increase – What’s Next?

iShares California Muni Bond ETF (NYSEARCA:CMF) shares saw an uptick in trading volume on Tuesday . 636,485 shares traded hands during trading, an increase of 182% from the previous session’s volume of 225,438 shares.The stock last traded at $57.37 and had previously closed at $57.50.

iShares California Muni Bond ETF Stock Down 0.8 %

The business’s 50 day simple moving average is $57.78 and its two-hundred day simple moving average is $57.30.

Institutional Investors Weigh In On iShares California Muni Bond ETF

Several institutional investors have recently bought and sold shares of CMF. Charles Schwab Investment Advisory Inc. increased its stake 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 during the last quarter. Jane Street Group LLC raised its stake in iShares California Muni Bond ETF by 3,083.8% in the 1st quarter. Jane Street Group LLC now owns 350,698 shares of the company’s stock valued at $20,179,000 after acquiring an additional 339,683 shares during the period. Financial Connections Group Inc. bought a new stake in iShares California Muni Bond ETF in the 2nd quarter valued at about $14,000,000. Facet Wealth Inc. lifted its holdings in iShares California Muni Bond ETF by 60.3% during the first quarter. Facet Wealth Inc. now owns 463,495 shares of the company’s stock valued at $26,461,000 after purchasing an additional 174,372 shares during the last quarter. Finally, First Foundation Advisors boosted its position in iShares California Muni Bond ETF by 34.3% during the first quarter. First Foundation Advisors now owns 556,424 shares of the company’s stock worth $32,017,000 after purchasing an additional 142,075 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.