iShares California Muni Bond ETF (CMF) Holdings Cut by Parkside Advisors LLC

Parkside Advisors LLC trimmed its position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 3.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,693 shares of the company’s stock after selling 2,083 shares during the quarter. iShares California Muni Bond ETF accounts for 2.0% of Parkside Advisors LLC’s investment portfolio, making the stock its 14th largest holding. Parkside Advisors LLC owned 0.30% of iShares California Muni Bond ETF worth $3,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMF. Wells Fargo & Company MN raised its position in shares of iShares California Muni Bond ETF by 10.0% during the third quarter. Wells Fargo & Company MN now owns 108,420 shares of the company’s stock worth $6,287,000 after purchasing an additional 9,859 shares during the period. JPMorgan Chase & Co. grew its stake in iShares California Muni Bond ETF by 55.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,817 shares of the company’s stock valued at $975,000 after acquiring an additional 5,966 shares during the last quarter. BlackRock Inc. grew its stake in iShares California Muni Bond ETF by 3,277.7% in the 3rd quarter. BlackRock Inc. now owns 511,917 shares of the company’s stock valued at $29,686,000 after acquiring an additional 496,761 shares during the last quarter. FMR LLC acquired a new stake in iShares California Muni Bond ETF in the 3rd quarter valued at about $146,000. Finally, Citadel Advisors LLC acquired a new stake in shares of iShares California Muni Bond ETF during the 3rd quarter worth about $473,000.

Shares of CMF stock traded down $0.03 during trading hours on Thursday, hitting $59.37. 62,747 shares of the company were exchanged, compared to its average volume of 85,669. iShares California Muni Bond ETF has a 1 year low of $56.90 and a 1 year high of $59.59.

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.1026 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.23 annualized dividend and a yield of 2.07%.

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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.

Further Reading: Cost of Equity

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Institutional Ownership by Quarter for iShares California Muni Bond ETF (NYSEARCA:CMF)

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