iShares California Muni Bond ETF (NYSEARCA:CMF) Sees Unusually-High Trading Volume – Should You Buy?

iShares California Muni Bond ETF (NYSEARCA:CMF) saw an uptick in trading volume on Monday . 1,296,301 shares changed hands during mid-day trading, an increase of 163% from the previous session’s volume of 492,113 shares.The stock last traded at $56.57 and had previously closed at $56.77.

iShares California Muni Bond ETF Stock Performance

The stock’s 50-day moving average price is $57.39 and its 200-day moving average price is $57.50.

Institutional Investors Weigh In On iShares California Muni Bond ETF

Large investors have recently bought and sold shares of the stock. Moss Adams Wealth Advisors LLC acquired a new position in shares of iShares California Muni Bond ETF in the fourth quarter valued at approximately $1,274,000. Raub Brock Capital Management LP grew its stake in iShares California Muni Bond ETF by 1.0% in the 4th quarter. Raub Brock Capital Management LP now owns 411,400 shares of the company’s stock worth $23,565,000 after acquiring an additional 3,880 shares during the period. HB Wealth Management LLC raised its holdings in iShares California Muni Bond ETF by 24.2% in the 4th quarter. HB Wealth Management LLC now owns 4,491 shares of the company’s stock valued at $257,000 after acquiring an additional 876 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of iShares California Muni Bond ETF by 5.0% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 12,710 shares of the company’s stock worth $728,000 after purchasing an additional 609 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in shares of iShares California Muni Bond ETF by 3.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 19,941 shares of the company’s stock worth $1,142,000 after purchasing an additional 682 shares during the period.

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.