Valmark Advisers Inc. Increases Stake in iShares California Muni Bond ETF $CMF

Valmark Advisers Inc. boosted its holdings in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 43.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,669 shares of the company’s stock after buying an additional 24,382 shares during the quarter. Valmark Advisers Inc. owned 0.11% of iShares California Muni Bond ETF worth $4,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMF. Affinity Capital Advisors LLC raised its position in iShares California Muni Bond ETF by 5.6% in the 4th quarter. Affinity Capital Advisors LLC now owns 269,594 shares of the company’s stock valued at $15,491,000 after purchasing an additional 14,208 shares in the last quarter. Manhattan West Asset Management LLC grew its position in shares of iShares California Muni Bond ETF by 3.9% during the third quarter. Manhattan West Asset Management LLC now owns 350,973 shares of the company’s stock worth $20,020,000 after buying an additional 13,112 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of iShares California Muni Bond ETF during the fourth quarter worth about $845,000. Farther Finance Advisors LLC increased its stake in shares of iShares California Muni Bond ETF by 601.7% during the fourth quarter. Farther Finance Advisors LLC now owns 131,601 shares of the company’s stock worth $7,562,000 after buying an additional 112,846 shares during the period. Finally, Values Added Financial LLC increased its stake in shares of iShares California Muni Bond ETF by 163.6% during the fourth quarter. Values Added Financial LLC now owns 33,665 shares of the company’s stock worth $1,934,000 after buying an additional 20,895 shares during the period.

iShares California Muni Bond ETF Price Performance

Shares of NYSEARCA:CMF opened at $57.35 on Monday. iShares California Muni Bond ETF has a fifty-two week low of $55.13 and a fifty-two week high of $58.44. The firm’s 50 day moving average price is $57.27 and its 200 day moving average price is $57.47.

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. 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.