iShares California Muni Bond ETF (NYSEARCA:CMF) Stock Position Reduced by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC cut its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 19.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,426 shares of the company’s stock after selling 10,975 shares during the period. iShares California Muni Bond ETF comprises approximately 0.7% of Spinnaker Investment Group LLC’s holdings, making the stock its 16th largest position. Spinnaker Investment Group LLC owned approximately 0.10% of iShares California Muni Bond ETF worth $2,641,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Boltwood Capital Management increased its stake in shares of iShares California Muni Bond ETF by 0.8% during the 1st quarter. Boltwood Capital Management now owns 24,560 shares of the company’s stock worth $1,413,000 after purchasing an additional 185 shares during the last quarter. GAMMA Investing LLC grew its stake in iShares California Muni Bond ETF by 32.3% in the 1st quarter. GAMMA Investing LLC now owns 790 shares of the company’s stock valued at $45,000 after buying an additional 193 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in iShares California Muni Bond ETF by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,767 shares of the company’s stock valued at $562,000 after buying an additional 203 shares during the last quarter. Northeast Financial Group Inc. grew its stake in iShares California Muni Bond ETF by 3.2% in the 2nd quarter. Northeast Financial Group Inc. now owns 6,719 shares of the company’s stock valued at $382,000 after buying an additional 210 shares during the last quarter. Finally, True Link Financial Advisors LLC grew its stake in iShares California Muni Bond ETF by 2.4% in the 2nd quarter. True Link Financial Advisors LLC now owns 10,550 shares of the company’s stock valued at $600,000 after buying an additional 250 shares during the last quarter.

iShares California Muni Bond ETF Stock Performance

NYSEARCA:CMF traded up $0.21 during midday trading on Friday, reaching $57.78. The stock had a trading volume of 253,059 shares, compared to its average volume of 227,026. iShares California Muni Bond ETF has a 1-year low of $53.92 and a 1-year high of $58.09. The firm’s fifty day simple moving average is $57.32 and its 200-day simple moving average is $57.24.

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.