iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Strong Trading Volume – Here’s Why

iShares California Muni Bond ETF (NYSEARCA:CMF) shares saw an uptick in trading volume on Monday . 1,296,301 shares were traded during trading, an increase of 163% from the previous session’s volume of 492,113 shares.The stock last traded at $56.57 and had previously closed at $56.77.

iShares California Muni Bond ETF Stock Performance

The company has a 50 day moving average price of $57.43 and a 200 day moving average price of $57.51.

Institutional Investors Weigh In On iShares California Muni Bond ETF

Large investors have recently added to or reduced their stakes in the business. First National Bank Sioux Falls increased its position in iShares California Muni Bond ETF by 2.2% during the fourth quarter. First National Bank Sioux Falls now owns 10,222 shares of the company’s stock worth $586,000 after buying an additional 222 shares in the last quarter. Elmwood Wealth Management Inc. boosted its stake in shares of iShares California Muni Bond ETF by 1.6% during the fourth quarter. Elmwood Wealth Management Inc. now owns 65,190 shares of the company’s stock valued at $3,734,000 after acquiring an additional 1,027 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in iShares California Muni Bond ETF by 54.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,040 shares of the company’s stock worth $1,223,000 after purchasing an additional 7,381 shares in the last quarter. Watts Gwilliam & Co. LLC purchased a new stake in iShares California Muni Bond ETF during the 4th quarter worth about $235,000. Finally, GAMMA Investing LLC raised its stake in iShares California Muni Bond ETF by 28.3% in the 4th quarter. GAMMA Investing LLC now owns 6,893 shares of the company’s stock valued at $395,000 after purchasing an additional 1,519 shares during the last quarter.

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.