Bristlecone Advisors LLC Increases Stake in iShares California Muni Bond ETF

Bristlecone Advisors LLC has enhanced its investment in the iShares California Muni Bond ETF (symbol: CMF) by 3.9% during the third quarter, according to recent reports from HoldingsChannel.com. Following this adjustment, the company now holds a total of 11,664 shares of the ETF after acquiring an additional 438 shares within the quarter. This brings the estimated value of Bristlecone Advisors LLC's holdings in the iShares California Muni Bond ETF to approximately $678,000 at the conclusion of the latest reporting period.

In addition to Bristlecone, various institutional investors have also been active in the market for this ETF. For instance, Angeles Wealth Management LLC increased its stake in the iShares California Muni Bond ETF by a remarkable 107.5% during the second quarter, culminating in ownership of 583 shares valued at about $33,000 after adding 302 shares in the same quarter. Additionally, Aptus Capital Advisors LLC has entered the market with a new purchase valued around $40,000, while Rothschild Investment LLC made a new investment worth approximately $43,000. Meanwhile, both Larson Financial Group LLC and Crewe Advisors LLC have also established new positions valued at about $43,000 and $50,000 respectively in the prior quarter.

Current Trading Trends of the iShares California Muni Bond ETF

As for the trading performance of the iShares California Muni Bond ETF, shares opened at $57.14 on a recent Monday. The ETF showcases a 50-day moving average of $57.76 and a 200-day moving average of $57.30. Its price has fluctuated within the past year, marking a low of $53.92 and a high of $58.18.

Understanding the iShares California Muni Bond ETF

The iShares California AMT-Free Muni Bond ETF is designed to track the performance of the S&P California AMT-Free Municipal Bond Index. This index focuses on the investment-grade segment of the California municipal bond sector that primarily includes companies involved in transportation and utilities sectors.

Bristlecone, Investment, ETF