iShares California Muni Bond ETF $CMF Shares Sold by Financial Connections Group Inc.

Financial Connections Group Inc. decreased its position in iShares California Muni Bond ETF (NYSEARCA:CMF) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 166,442 shares of the company’s stock after selling 25,266 shares during the quarter. iShares California Muni Bond ETF comprises about 3.8% of Financial Connections Group Inc.’s holdings, making the stock its 8th largest position. Financial Connections Group Inc. owned 0.26% of iShares California Muni Bond ETF worth $9,277,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new position in iShares California Muni Bond ETF in the 1st quarter valued at about $31,000. Olde Wealth Management LLC acquired a new position in iShares California Muni Bond ETF in the 1st quarter valued at about $58,000. AlphaCore Capital LLC acquired a new position in iShares California Muni Bond ETF in the 1st quarter valued at about $66,000. Abound Financial LLC acquired a new position in iShares California Muni Bond ETF in the 1st quarter valued at about $124,000. Finally, Columbia River Financial Group LLC acquired a new position in iShares California Muni Bond ETF in the 1st quarter valued at about $141,000.

iShares California Muni Bond ETF Price Performance

Shares of CMF stock opened at $57.20 on Friday. The firm has a 50-day moving average price of $56.35 and a 200 day moving average price of $55.80. iShares California Muni Bond ETF has a twelve month low of $53.61 and a twelve month high of $58.14.

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.