Charles Schwab Investment Management Inc. Boosts Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

Charles Schwab Investment Management Inc. grew its holdings in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 37.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 13,245,170 shares of the company’s stock after purchasing an additional 3,640,060 shares during the period. Charles Schwab Investment Management Inc. owned about 0.27% of iShares California Muni Bond ETF worth $769,677,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CMF. Ballast Advisors LLC acquired a new position in iShares California Muni Bond ETF in the 3rd quarter worth $29,000. Angeles Wealth Management LLC increased 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 worth $33,000 after acquiring an additional 302 shares during the last quarter. Aptus Capital Advisors LLC acquired a new position in shares of iShares California Muni Bond ETF in the second quarter worth about $40,000. Rothschild Investment LLC purchased a new position in iShares California Muni Bond ETF in the second quarter valued at about $43,000. Finally, Larson Financial Group LLC acquired a new stake in iShares California Muni Bond ETF during the 2nd quarter valued at approximately $43,000.

iShares California Muni Bond ETF Stock Performance

CMF stock opened at $57.50 on Friday. The stock’s 50 day moving average is $57.60 and its two-hundred day moving average is $57.36. iShares California Muni Bond ETF has a 52-week low of $56.19 and a 52-week high of $58.18.

iShares California Muni Bond ETF 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.