Creative Planning Trims Stake in iShares California Muni Bond ETF (NYSEARCA:CMF)

Creative Planning cut its position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 6.3% in the second quarter, Holdings Channel.com reports. The firm owned 175,731 shares of the company’s stock after selling 11,793 shares during the quarter. Creative Planning’s holdings in iShares California Muni Bond ETF were worth $9,996,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CMF. Angeles Wealth Management LLC boosted its position in shares of iShares California Muni Bond ETF by 107.5% during the second quarter. Angeles Wealth Management LLC now owns 583 shares of the company’s stock valued at $33,000 after buying an additional 302 shares during the period. Aptus Capital Advisors LLC purchased a new position in iShares California Muni Bond ETF during the 2nd quarter valued at $40,000. Rothschild Investment LLC bought a new position in iShares California Muni Bond ETF in the 2nd quarter valued at $43,000. Larson Financial Group LLC purchased a new stake in iShares California Muni Bond ETF in the second quarter worth $43,000. Finally, GAMMA Investing LLC lifted its position in shares of iShares California Muni Bond ETF by 32.3% during the first quarter. GAMMA Investing LLC now owns 790 shares of the company’s stock worth $45,000 after purchasing an additional 193 shares during the last quarter.

iShares California Muni Bond ETF Stock Performance

NYSEARCA CMF opened at $58.09 on Wednesday. iShares California Muni Bond ETF has a 12 month low of $53.92 and a 12 month high of $58.18. The company’s 50-day moving average price is $57.74 and its 200-day moving average price is $57.27.

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.