Gerber Kawasaki Wealth & Investment Management Takes Position in iShares California Muni Bond ETF (CMF)

Gerber Kawasaki Wealth & Investment Management purchased a new position in iShares California Muni Bond ETF (NYSEARCA:CMF) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,795 shares of the company’s stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CMF. Mission Wealth Management LP increased its position in iShares California Muni Bond ETF by 147.7% in the fourth quarter. Mission Wealth Management LP now owns 1,138,942 shares of the company’s stock worth $66,565,000 after buying an additional 679,182 shares in the last quarter. BlackRock Inc. increased its position in iShares California Muni Bond ETF by 3,277.7% in the third quarter. BlackRock Inc. now owns 511,917 shares of the company’s stock worth $29,686,000 after buying an additional 496,761 shares in the last quarter. Bank of America Corp DE increased its position in iShares California Muni Bond ETF by 58.4% in the fourth quarter. Bank of America Corp DE now owns 1,219,979 shares of the company’s stock worth $71,302,000 after buying an additional 449,549 shares in the last quarter. Portfolio Solutions LLC increased its position in iShares California Muni Bond ETF by 757.7% in the fourth quarter. Portfolio Solutions LLC now owns 101,293 shares of the company’s stock worth $5,920,000 after buying an additional 89,483 shares in the last quarter. Finally, AdvicePeriod LLC increased its position in iShares California Muni Bond ETF by 44.9% in the fourth quarter. AdvicePeriod LLC now owns 145,600 shares of the company’s stock worth $8,510,000 after buying an additional 45,097 shares in the last quarter.

CMF traded up $0.03 during midday trading on Thursday, reaching $60.19. The company had a trading volume of 92,395 shares, compared to its average volume of 86,184. iShares California Muni Bond ETF has a 1 year low of $56.90 and a 1 year high of $60.20.

The business also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd were given a $0.1067 dividend. This is a boost from iShares California Muni Bond ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%.

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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.

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

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