iShares California Muni Bond ETF (NYSEARCA:CMF) Hits New 1-Year Low – Should You Sell?

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF) hit a new 52-week low on Wednesday . The stock traded as low as $56.27 and last traded at $56.27, with a volume of 16260 shares trading hands. The stock had previously closed at $56.34.

iShares California Muni Bond ETF Stock Performance

The stock has a 50-day moving average price of $56.85 and a 200-day moving average price of $57.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Asset Planning Inc acquired a new stake in iShares California Muni Bond ETF during the fourth quarter worth approximately $40,000. Parkworth Wealth Management Inc. bought a new position in shares of iShares California Muni Bond ETF during the 4th quarter worth approximately $62,000. Creative Financial Designs Inc. ADV bought a new stake in shares of iShares California Muni Bond ETF in the 4th quarter valued at $63,000. Larson Financial Group LLC increased its stake in shares of iShares California Muni Bond ETF by 100.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,500 shares of the company’s stock valued at $87,000 after acquiring an additional 750 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its position in shares of iShares California Muni Bond ETF by 209.1% during the 4th quarter. Angeles Wealth Management LLC now owns 1,802 shares of the company’s stock valued at $103,000 after acquiring an additional 1,219 shares during the period.

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.