Valmark Advisers Inc. Purchases 104,512 Shares of iShares California Muni Bond ETF $CMF

Valmark Advisers Inc. acquired a new position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 104,512 shares of the company’s stock, valued at approximately $5,656,000.

A number of other institutional investors also recently added to or reduced their stakes in CMF. Richards Merrill & Peterson Inc. purchased a new position in iShares California Muni Bond ETF in the third quarter valued at about $73,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of iShares California Muni Bond ETF by 11.9% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 1,793 shares of the company’s stock valued at $102,000 after buying an additional 191 shares in the last quarter. Three Bridge Wealth Advisors LLC bought a new stake in shares of iShares California Muni Bond ETF in the 3rd quarter valued at about $133,000. Continuum Advisory LLC bought a new stake in shares of iShares California Muni Bond ETF in the 2nd quarter valued at about $139,000. Finally, Geneos Wealth Management Inc. grew its position in shares of iShares California Muni Bond ETF by 89.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,684 shares of the company’s stock worth $153,000 after buying an additional 1,269 shares during the last quarter.

iShares California Muni Bond ETF Stock Down 0.3%

Shares of iShares California Muni Bond ETF stock traded down $0.17 on Friday, reaching $55.61. The stock had a trading volume of 1,358,072 shares, compared to its average volume of 906,213. The company has a 50 day moving average price of $55.05 and a 200 day moving average price of $56.68. iShares California Muni Bond ETF has a 1 year low of $53.62 and a 1 year high of $58.44.

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. The Index is a subset of the S&P National AMT-Free Municipal Bond Index and is consists of municipal bonds issued in the State of California.