Sherman Asset Management Inc. Acquires New Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

Sherman Asset Management Inc. acquired a new stake in iShares California Muni Bond ETF (NYSEARCA:CMF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,563 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthspire Advisors LLC increased its holdings in iShares California Muni Bond ETF by 4.6% in the fourth quarter. Wealthspire Advisors LLC now owns 23,561 shares of the company’s stock valued at $1,350,000 after buying an additional 1,044 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares California Muni Bond ETF by 15.0% during the third quarter. JPMorgan Chase & Co. now owns 411,303 shares of the company’s stock valued at $23,901,000 after purchasing an additional 53,700 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of iShares California Muni Bond ETF by 27.2% during the third quarter. Stifel Financial Corp now owns 17,202 shares of the company’s stock valued at $1,000,000 after purchasing an additional 3,681 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of iShares California Muni Bond ETF during the fourth quarter valued at approximately $256,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares California Muni Bond ETF by 54.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,040 shares of the company’s stock valued at $1,223,000 after purchasing an additional 7,381 shares during the last quarter.

iShares California Muni Bond ETF Stock Up 0.2 %

NYSEARCA:CMF opened at $57.46 on Friday. The stock has a 50 day moving average of $56.98 and a 200-day moving average of $57.41. iShares California Muni Bond ETF has a 52 week low of $56.32 and a 52 week 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.