Mission Wealth Management LP Sells 115,338 Shares of iShares California Muni Bond ETF (NYSEARCA:CMF)

Mission Wealth Management LP lowered its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 10.1% in the first quarter, HoldingsChannel.com reports. The firm owned 1,023,604 shares of the company’s stock after selling 115,338 shares during the quarter. iShares California Muni Bond ETF makes up approximately 7.1% of Mission Wealth Management LP’s holdings, making the stock its largest holding. Mission Wealth Management LP owned about 0.05% of iShares California Muni Bond ETF worth $60,997,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CMF. Golden State Wealth Management LLC bought a new position in iShares California Muni Bond ETF in the 1st quarter valued at $1,408,000. Commonwealth Equity Services LLC raised its stake in iShares California Muni Bond ETF by 8.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 38,966 shares of the company’s stock worth $2,321,000 after buying an additional 2,890 shares during the period. Citigroup Inc. raised its stake in iShares California Muni Bond ETF by 6.1% during the 1st quarter. Citigroup Inc. now owns 21,190 shares of the company’s stock worth $1,263,000 after buying an additional 1,215 shares during the period. Corient Capital Partners LLC acquired a new stake in iShares California Muni Bond ETF during the 1st quarter worth $430,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in iShares California Muni Bond ETF by 10.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 107,804 shares of the company’s stock worth $6,408,000 after buying an additional 10,406 shares during the period.

iShares California Muni Bond ETF stock traded up $0.02 during mid-day trading on Friday, hitting $60.46. 750 shares of the company’s stock were exchanged, compared to its average volume of 82,088. iShares California Muni Bond ETF has a fifty-two week low of $56.90 and a fifty-two week high of $60.58.

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, June 4th were paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 2.18%. The ex-dividend date was Monday, June 3rd. This is an increase from iShares California Muni Bond ETF’s previous monthly dividend of $0.11.

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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.

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Want to see what other hedge funds are holding CMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares California Muni Bond ETF (NYSEARCA:CMF).

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

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