Bailard Inc. Trims Stake in iShares California Muni Bond ETF (NYSEARCA:CMF)

Bailard Inc. lowered its position in iShares California Muni Bond ETF (NYSEARCA:CMF) by 82.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,990 shares of the company’s stock after selling 679,069 shares during the period. Bailard Inc. owned approximately 0.37% of iShares California Muni Bond ETF worth $8,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. IFP Advisors Inc boosted its stake in shares of iShares California Muni Bond ETF by 15.7% during the third quarter. IFP Advisors Inc now owns 4,688 shares of the company’s stock valued at $257,000 after purchasing an additional 636 shares during the period. Ritholtz Wealth Management purchased a new stake in iShares California Muni Bond ETF in the 3rd quarter valued at about $231,000. Global Retirement Partners LLC grew its stake in iShares California Muni Bond ETF by 40.6% in the 3rd quarter. Global Retirement Partners LLC now owns 2,990 shares of the company’s stock worth $163,000 after acquiring an additional 864 shares in the last quarter. PFG Advisors bought a new position in iShares California Muni Bond ETF in the 3rd quarter worth about $227,000. Finally, DeDora Capital Inc. increased its position in shares of iShares California Muni Bond ETF by 8.8% during the third quarter. DeDora Capital Inc. now owns 41,415 shares of the company’s stock worth $2,271,000 after acquiring an additional 3,366 shares during the period.

iShares California Muni Bond ETF Price Performance

Shares of CMF traded down $0.03 during midday trading on Wednesday, reaching $56.89. 140,650 shares of the stock were exchanged, compared to its average volume of 216,494. The company’s 50 day moving average is $57.42 and its two-hundred day moving average is $56.88. iShares California Muni Bond ETF has a 52 week low of $53.92 and a 52 week high of $58.09.

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.