iShares California Muni Bond ETF (NYSEARCA:CMF) Shares Sold by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC lessened its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 5.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 72,252 shares of the company’s stock after selling 3,883 shares during the period. Lodestar Private Asset Management LLC’s holdings in iShares California Muni Bond ETF were worth $4,139,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Ballast Advisors LLC purchased a new stake in shares of iShares California Muni Bond ETF in the third quarter valued at $29,000. CWM LLC purchased a new position in iShares California Muni Bond ETF in the 3rd quarter valued at about $73,000. Larson Financial Group LLC boosted its stake in shares of iShares California Muni Bond ETF by 100.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,500 shares of the company’s stock worth $87,000 after purchasing an additional 750 shares during the last quarter. PFG Investments LLC acquired a new stake in shares of iShares California Muni Bond ETF during the 3rd quarter worth about $202,000. Finally, Watts Gwilliam & Co. LLC purchased a new stake in shares of iShares California Muni Bond ETF during the fourth quarter worth about $235,000.

iShares California Muni Bond ETF Price Performance

Shares of CMF opened at $56.98 on Friday. iShares California Muni Bond ETF has a 1 year low of $56.32 and a 1 year high of $58.18. The company’s 50 day simple moving average is $57.21 and its 200 day simple moving average is $57.47.

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.