iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Unusually-High Trading Volume – What’s Next?

iShares California Muni Bond ETF (NYSEARCA:CMF) saw unusually-high trading volume on Tuesday . Approximately 401,006 shares changed hands during trading, an increase of 67% from the previous session’s volume of 240,717 shares.The stock last traded at $57.32 and had previously closed at $57.33.

iShares California Muni Bond ETF Stock Performance

The stock has a 50-day moving average price of $57.70 and a 200 day moving average price of $57.32.

Hedge Funds Weigh In On iShares California Muni Bond ETF

A number of large investors have recently added to or reduced their stakes in CMF. Ballast Advisors LLC acquired a new stake in shares of iShares California Muni Bond ETF in the third quarter valued at about $29,000. Angeles Wealth Management LLC boosted its stake in 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 worth $33,000 after buying an additional 302 shares during the last quarter. Aptus Capital Advisors LLC purchased a new stake in iShares California Muni Bond ETF in the 2nd quarter valued at $40,000. Rothschild Investment LLC acquired a new stake in shares of iShares California Muni Bond ETF in the 2nd quarter worth $43,000. Finally, Larson Financial Group LLC purchased a new position in iShares California Muni Bond ETF during the second quarter worth about $43,000.

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.