Shares of iShares California Muni Bond ETF (NYSEARCA:CMF – Get Rating) saw an uptick in trading volume on Friday . 59,493 shares traded hands during trading, a decline of 87% from the previous session's volume of 457,006 shares.The stock last traded at $54.35 and had previously closed at $54.67.

iShares California Muni Bond ETF Stock Performance

The stock has a 50 day moving average price of $55.63 and a two-hundred day moving average price of $56.34.

Hedge Funds Weigh In On iShares California Muni Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Weil Company Inc. bought a new position in shares of iShares California Muni Bond ETF in the 1st quarter valued at $340,000. Caerus Investment Advisors LLC increased its stake in shares of iShares California Muni Bond ETF by 112.5% in the 1st quarter. Caerus Investment Advisors LLC now owns 17,000 shares of the company's stock valued at $948,000 after purchasing an additional 9,000 shares during the last quarter. Navalign LLC bought a new position in shares of iShares California Muni Bond ETF in the 2nd quarter valued at $5,343,000. Leisure Capital Management bought a new position in shares of iShares California Muni Bond ETF in the 2nd quarter valued at $25,318,000. Finally, Brio Consultants LLC bought a new position in shares of iShares California Muni Bond ETF in the 1st quarter valued at $450,000.

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.

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