Traders Buy Shares of iShares California Muni Bond ETF (CMF) on Weakness

Traders bought shares of iShares California Muni Bond ETF (NYSEARCA:CMF) on weakness during trading hours on Thursday. $25.26 million flowed into the stock on the tick-up and $2.57 million flowed out of the stock on the tick-down, for a money net flow of $22.69 million into the stock. Of all stocks tracked, iShares California Muni Bond ETF had the 21st highest net in-flow for the day. iShares California Muni Bond ETF traded down ($0.08) for the day and closed at $57.38

The company also recently announced a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were given a $0.1086 dividend. This is an increase from iShares California Muni Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Monday, October 1st. This represents a $1.30 dividend on an annualized basis and a yield of 2.27%.

Large investors have recently added to or reduced their stakes in the stock. Personal Capital Advisors Corp increased its stake in iShares California Muni Bond ETF by 18.2% in the 2nd quarter. Personal Capital Advisors Corp now owns 6,150 shares of the company’s stock worth $360,000 after purchasing an additional 947 shares during the period. Garde Capital Inc. increased its stake in shares of iShares California Muni Bond ETF by 4.3% during the second quarter. Garde Capital Inc. now owns 26,738 shares of the company’s stock valued at $1,565,000 after buying an additional 1,092 shares during the period. AJ Wealth Strategies LLC increased its stake in shares of iShares California Muni Bond ETF by 7.8% during the second quarter. AJ Wealth Strategies LLC now owns 19,826 shares of the company’s stock valued at $1,161,000 after buying an additional 1,432 shares during the period. Pure Financial Advisors Inc. increased its stake in shares of iShares California Muni Bond ETF by 1.0% during the second quarter. Pure Financial Advisors Inc. now owns 161,096 shares of the company’s stock valued at $9,431,000 after buying an additional 1,608 shares during the period. Finally, Wealthsource Partners LLC increased its stake in shares of iShares California Muni Bond ETF by 2.9% during the second quarter. Wealthsource Partners LLC now owns 71,295 shares of the company’s stock valued at $4,174,000 after buying an additional 1,988 shares during the period.



About iShares California Muni Bond ETF (NYSEARCA:CMF)

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.

Further Reading: Yield Curve

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