Towerpoint Wealth LLC Raises Stake in iShares California Muni Bond ETF (CMF)

Towerpoint Wealth LLC lifted its stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) by 105.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,665 shares of the company’s stock after acquiring an additional 30,150 shares during the quarter. iShares California Muni Bond ETF makes up approximately 2.8% of Towerpoint Wealth LLC’s holdings, making the stock its 15th biggest holding. Towerpoint Wealth LLC’s holdings in iShares California Muni Bond ETF were worth $3,402,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CMF. ELM Advisors LLC purchased a new position in shares of iShares California Muni Bond ETF during the second quarter worth approximately $229,000. United Capital Financial Advisers LLC purchased a new position in shares of iShares California Muni Bond ETF during the first quarter worth approximately $263,000. Parallel Advisors LLC increased its position in shares of iShares California Muni Bond ETF by 81.1% during the second quarter. Parallel Advisors LLC now owns 5,035 shares of the company’s stock worth $294,000 after acquiring an additional 2,255 shares during the period. US Bancorp DE increased its position in shares of iShares California Muni Bond ETF by 76.2% during the second quarter. US Bancorp DE now owns 5,234 shares of the company’s stock worth $306,000 after acquiring an additional 2,264 shares during the period. Finally, Personal Capital Advisors Corp increased its position in shares of iShares California Muni Bond ETF by 18.2% during the second quarter. Personal Capital Advisors Corp now owns 6,150 shares of the company’s stock worth $360,000 after acquiring an additional 947 shares during the period.

Shares of NYSEARCA:CMF traded up $0.03 during trading on Friday, reaching $57.27. 7,685 shares of the company were exchanged, compared to its average volume of 102,353. iShares California Muni Bond ETF has a 12-month low of $57.16 and a 12-month high of $59.60.

The business also recently announced a monthly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, October 2nd were given a dividend of $0.1086 per share. The ex-dividend date was Monday, October 1st. This is a positive change from iShares California Muni Bond ETF’s previous monthly dividend of $0.10. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.28%.

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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