iShares California Muni Bond ETF (NYSEARCA:CMF) is Raub Brock Capital Management LP’s 2nd Largest Position

Raub Brock Capital Management LP lowered its position in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 2.4% during the first quarter, Holdings Channel reports. The fund owned 408,745 shares of the company’s stock after selling 10,020 shares during the quarter. iShares California Muni Bond ETF makes up 5.0% of Raub Brock Capital Management LP’s holdings, making the stock its 2nd largest holding. Raub Brock Capital Management LP’s holdings in iShares California Muni Bond ETF were worth $23,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMF. Charles Schwab Investment Advisory Inc. raised its holdings in iShares California Muni Bond ETF by 22.7% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 9,083,884 shares of the company’s stock valued at $526,320,000 after buying an additional 1,677,661 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of iShares California Muni Bond ETF by 191.2% in the 4th quarter. EP Wealth Advisors LLC now owns 1,266,277 shares of the company’s stock valued at $73,368,000 after acquiring an additional 831,444 shares in the last quarter. UBS Group AG lifted its holdings in iShares California Muni Bond ETF by 12.6% in the 4th quarter. UBS Group AG now owns 893,926 shares of the company’s stock worth $51,794,000 after purchasing an additional 100,346 shares during the last quarter. Wells Fargo & Company MN boosted its position in iShares California Muni Bond ETF by 16.7% during the fourth quarter. Wells Fargo & Company MN now owns 605,000 shares of the company’s stock worth $35,054,000 after purchasing an additional 86,364 shares during the period. Finally, First Foundation Advisors grew its holdings in iShares California Muni Bond ETF by 5.1% during the third quarter. First Foundation Advisors now owns 352,063 shares of the company’s stock valued at $19,307,000 after purchasing an additional 17,000 shares during the last quarter.

iShares California Muni Bond ETF Price Performance

Shares of NYSEARCA CMF traded up $0.18 during trading hours on Tuesday, hitting $56.83. 15,091 shares of the stock were exchanged, compared to its average volume of 205,132. iShares California Muni Bond ETF has a one year low of $53.92 and a one year high of $58.09. The company’s 50 day moving average is $56.90 and its 200 day moving average is $57.34.

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.