Gerber Kawasaki Wealth & Investment Management Raises Stock Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

Gerber Kawasaki Wealth & Investment Management lifted its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 41.5% in the fourth quarter, Holdings Channel reports. The fund owned 14,028 shares of the company’s stock after purchasing an additional 4,113 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares California Muni Bond ETF were worth $804,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Facet Wealth Inc. raised its position in iShares California Muni Bond ETF by 15.8% during the fourth quarter. Facet Wealth Inc. now owns 1,148,937 shares of the company’s stock valued at $65,409,000 after purchasing an additional 156,961 shares during the period. Bailard Inc. raised its holdings in iShares California Muni Bond ETF by 25.1% during the 4th quarter. Bailard Inc. now owns 1,063,062 shares of the company’s stock valued at $60,892,000 after buying an additional 213,617 shares during the period. Mariner LLC lifted its position in iShares California Muni Bond ETF by 10.4% in the fourth quarter. Mariner LLC now owns 881,431 shares of the company’s stock worth $50,488,000 after buying an additional 82,766 shares during the last quarter. LPL Financial LLC boosted its stake in 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 worth $47,286,000 after buying an additional 84,863 shares during the period. Finally, First Foundation Advisors increased its position in iShares California Muni Bond ETF by 3.1% during the fourth quarter. First Foundation Advisors now owns 561,740 shares of the company’s stock valued at $32,176,000 after acquiring an additional 16,717 shares during the last quarter.

iShares California Muni Bond ETF Price Performance

Shares of CMF opened at $55.40 on Friday. The company’s fifty day simple moving average is $56.16 and its 200-day simple moving average is $56.87. iShares California Muni Bond ETF has a twelve month low of $53.61 and a twelve month high of $58.18.

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.