iShares California Muni Bond ETF
135 hedge funds and large institutions have $596M invested in iShares California Muni Bond ETF in 2019 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 54 increasing their positions, 34 reducing their positions, and 10 closing their positions.
90% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 10
59% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 34
10% more capital invested
Capital invested by funds: $543M → $596M (+$52.9M)
4% more funds holding
Funds holding: 130 → 135 (+5)
1.44% more ownership
Funds ownership: 51.12% → 52.56% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$19.8M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$6.25M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$4.74M |
| 4 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$3.9M |
| 5 |
Bank of New York Mellon
New York
|
+$3.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWM
Mission Wealth Management
Santa Barbara,
California
|
-$6.77M |
| 2 |
FCA
FLC Capital Advisors
Palm Desert,
California
|
-$1.82M |
| 3 |
A
AdvicePeriod
Los Angeles,
California
|
-$1.77M |
| 4 |
PS
Portfolio Solutions
Royal Oak,
Michigan
|
-$1.6M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.39M |
CMF Hedge Fund Activity: Q1 2019 in Review
135 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2019, worth a combined $596M — up 9.7% from $543M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CMF positions and 10 closed out — a net gain of 9 holders — while 54 added to existing stakes and 34 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $19.8M. The largest seller was Mission Wealth Management, cutting an estimated $6.77M.
- 135 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2019, up from 130 in Q4 2018.
- Funds reported $596M of iShares California Muni Bond ETF stock for Q1 2019, up 9.7% quarter-over-quarter.
- 19 funds opened new iShares California Muni Bond ETF positions in Q1 2019 and 10 closed out, a net change of +9 holders.
- The largest iShares California Muni Bond ETF buyer in Q1 2019 was Charles Schwab Investment Advisory, an estimated $19.8M added.
- The largest iShares California Muni Bond ETF seller in Q1 2019 was Mission Wealth Management, an estimated $6.77M sold.
Based on aggregated 13F filings for Q1 2019.