Heritage Wealth Management Inc. CA Reduces Stock Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

Heritage Wealth Management Inc. CA decreased its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 47,811 shares of the company’s stock after selling 1,575 shares during the period. iShares California Muni Bond ETF comprises about 2.0% of Heritage Wealth Management Inc. CA’s portfolio, making the stock its 11th largest holding. Heritage Wealth Management Inc. CA’s holdings in iShares California Muni Bond ETF were worth $2,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Clune & Associates LTD. bought a new stake in shares of iShares California Muni Bond ETF during the 4th quarter valued at $289,000. LPL Financial LLC boosted its position in shares of iShares California Muni Bond ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 825,517 shares of the company’s stock valued at $47,286,000 after buying an additional 84,863 shares during the last quarter. Umpqua Bank boosted its holdings in shares of iShares California Muni Bond ETF by 17.9% during the 4th quarter. Umpqua Bank now owns 36,226 shares of the company’s stock valued at $2,044,000 after acquiring an additional 5,500 shares during the last quarter. Sei Investments Co. grew its position in iShares California Muni Bond ETF by 18.0% in the 4th quarter. Sei Investments Co. now owns 235,457 shares of the company’s stock worth $13,487,000 after purchasing an additional 35,968 shares during the period. Finally, Certus Wealth Management LLC grew its holdings in shares of iShares California Muni Bond ETF by 9.5% in the fourth quarter. Certus Wealth Management LLC now owns 140,006 shares of the company’s stock worth $7,978,000 after acquiring an additional 12,176 shares during the period.

iShares California Muni Bond ETF Stock Down 0.2 %

NYSEARCA CMF opened at $56.45 on Tuesday. iShares California Muni Bond ETF has a 52 week low of $56.32 and a 52 week high of $58.18. The company has a 50-day moving average price of $56.87 and a 200-day moving average price of $57.31.

iShares California Muni Bond ETF Profile

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.