Meridian Wealth Management LLC Takes Position in iShares California Muni Bond ETF (NYSEARCA:CMF)

Meridian Wealth Management LLC bought a new stake in iShares California Muni Bond ETF (NYSEARCA:CMF) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,330 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Amara Financial LLC. boosted its stake in shares of iShares California Muni Bond ETF by 6.7% in the 4th quarter. Amara Financial LLC. now owns 95,341 shares of the company’s stock valued at $5,461,000 after purchasing an additional 6,019 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of iShares California Muni Bond ETF by 36.4% in the 4th quarter. Jones Financial Companies Lllp now owns 18,152 shares of the company’s stock valued at $1,040,000 after purchasing an additional 4,845 shares in the last quarter. Bailard Inc. boosted its stake in shares of iShares California Muni Bond ETF by 25.1% in the 4th quarter. Bailard Inc. now owns 1,063,062 shares of the company’s stock valued at $60,892,000 after purchasing an additional 213,617 shares in the last quarter. Sherman Asset Management Inc. acquired a new stake in shares of iShares California Muni Bond ETF in the 4th quarter valued at $204,000. Finally, US Bancorp DE boosted its stake in shares of iShares California Muni Bond ETF by 41.8% in the 4th quarter. US Bancorp DE now owns 56,431 shares of the company’s stock valued at $3,232,000 after purchasing an additional 16,629 shares in the last quarter.

iShares California Muni Bond ETF Stock Performance

Shares of NYSEARCA:CMF opened at $57.07 on Thursday. iShares California Muni Bond ETF has a 52 week low of $56.32 and a 52 week high of $58.58. The company’s fifty day moving average is $56.99 and its 200-day moving average is $57.40.

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.