iShares California Muni Bond ETF (NYSEARCA:CMF) Hits New 52-Week Low – What’s Next?

iShares California Muni Bond ETF (NYSEARCA:CMF)’s stock price hit a new 52-week low on Monday . The stock traded as low as $55.54 and last traded at $55.64, with a volume of 853178 shares traded. The stock had previously closed at $56.70.

iShares California Muni Bond ETF Trading Down 2.5 %

The business’s 50-day simple moving average is $56.76 and its 200-day simple moving average is $57.18.

Hedge Funds Weigh In On iShares California Muni Bond ETF

Several large investors have recently bought and sold shares of CMF. Rockefeller Capital Management L.P. acquired a new stake in shares of iShares California Muni Bond ETF in the 3rd quarter valued at approximately $1,192,000. Integrated Wealth Concepts LLC lifted its holdings in iShares California Muni Bond ETF by 55.8% during the third quarter. Integrated Wealth Concepts LLC now owns 18,139 shares of the company’s stock worth $1,054,000 after acquiring an additional 6,495 shares in the last quarter. Stifel Financial Corp grew its stake in iShares California Muni Bond ETF by 27.2% in the third quarter. Stifel Financial Corp now owns 17,202 shares of the company’s stock valued at $1,000,000 after acquiring an additional 3,681 shares during the period. Jane Street Group LLC bought a new stake in shares of iShares California Muni Bond ETF in the third quarter worth about $3,056,000. Finally, MML Investors Services LLC lifted its holdings in shares of iShares California Muni Bond ETF by 18.8% during the 3rd quarter. MML Investors Services LLC now owns 63,924 shares of the company’s stock valued at $3,715,000 after purchasing an additional 10,111 shares in 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.