iShares California Muni Bond ETF
91 hedge funds and large institutions have $285M invested in iShares California Muni Bond ETF in 2017 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 37 increasing their positions, 21 reducing their positions, and 7 closing their positions.
76% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 21
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
7% more capital invested
Capital invested by funds: $266M → $285M (+$18.4M)
2.24% more ownership
Funds ownership: 69.14% → 71.38% (+2.2%)
1% more funds holding
Funds holding: 90 → 91 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$4.98M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.76M |
| 3 |
Morgan Stanley
New York
|
+$2.59M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.98M |
| 5 |
OCM
One Capital Management
Westlake Village,
California
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.17M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
-$795K |
| 3 |
AWS
AJ Wealth Strategies
New York
|
-$790K |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$730K |
| 5 |
PWM
Perigon Wealth Management
San Francisco,
California
|
-$428K |
CMF Hedge Fund Activity: Q3 2017 in Review
91 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q3 2017, worth a combined $285M — up 6.9% from $266M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new CMF positions and 7 closed out — a net gain of 2 holders — while 37 added to existing stakes and 21 trimmed.
The largest buyer was Principal Financial Group, opening a new position worth an estimated $4.98M. The largest seller was UBS Group, cutting an estimated $1.17M.
- 91 institutional investors held iShares California Muni Bond ETF (CMF) as of Q3 2017, up from 90 in Q2 2017.
- Funds reported $285M of iShares California Muni Bond ETF stock for Q3 2017, up 6.9% quarter-over-quarter.
- 9 funds opened new iShares California Muni Bond ETF positions in Q3 2017 and 7 closed out, a net change of +2 holders.
- The largest iShares California Muni Bond ETF buyer in Q3 2017 was Principal Financial Group, an estimated $4.98M added.
- The largest iShares California Muni Bond ETF seller in Q3 2017 was UBS Group, an estimated $1.17M sold.
Based on aggregated 13F filings for Q3 2017.