Clark Asset Management LLC Trims Position in iShares California Muni Bond ETF $CMF

Clark Asset Management LLC trimmed its holdings in iShares California Muni Bond ETF (NYSEARCA:CMF) by 10.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 23,423 shares of the company’s stock after selling 2,675 shares during the period. Clark Asset Management LLC’s holdings in iShares California Muni Bond ETF were worth $1,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wealthfront Advisers LLC raised its holdings in shares of iShares California Muni Bond ETF by 31.1% in the first quarter. Wealthfront Advisers LLC now owns 8,951,879 shares of the company’s stock valued at $503,812,000 after buying an additional 2,124,579 shares during the last quarter. Facet Wealth Inc. raised its holdings in iShares California Muni Bond ETF by 24.0% during the second quarter. Facet Wealth Inc. now owns 1,278,713 shares of the company’s stock worth $70,892,000 after purchasing an additional 247,805 shares in the last quarter. Bailard Inc. raised its holdings in iShares California Muni Bond ETF by 8.4% during the first quarter. Bailard Inc. now owns 1,152,134 shares of the company’s stock worth $64,842,000 after purchasing an additional 89,072 shares in the last quarter. Jane Street Group LLC purchased a new position in iShares California Muni Bond ETF during the first quarter worth about $58,068,000. Finally, Envestnet Asset Management Inc. raised its holdings in iShares California Muni Bond ETF by 10.7% during the second quarter. Envestnet Asset Management Inc. now owns 519,514 shares of the company’s stock worth $28,958,000 after purchasing an additional 50,276 shares in the last quarter.

iShares California Muni Bond ETF Price Performance

NYSEARCA CMF opened at $57.62 on Tuesday. iShares California Muni Bond ETF has a 52-week low of $53.61 and a 52-week high of $58.14. The firm has a 50-day moving average price of $56.76 and a 200 day moving average price of $55.93.

iShares California Muni Bond ETF Company 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.