iShares California Muni Bond ETF
84 hedge funds and large institutions have $279M invested in iShares California Muni Bond ETF in 2016 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 26 increasing their positions, 19 reducing their positions, and 14 closing their positions.
43% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 14
42% more capital invested
Capital invested by funds: $196M → $279M (+$83.1M)
37% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 19
21.33% more ownership
Funds ownership: 58.53% → 79.86% (+21%)
6% more funds holding
Funds holding: 79 → 84 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWM
Mission Wealth Management
Santa Barbara,
California
|
+$45.1M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$27.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$12.7M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
+$6.73M |
| 5 |
NFG
NewFocus Financial Group
Vancouver,
Washington
|
+$5.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MA
MUFG Americas
New York
|
-$5.7M |
| 2 |
B
Bailard
Foster City,
California
|
-$4.4M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.93M |
| 4 |
RMC
Regis Management Company
Menlo Park,
California
|
-$2.28M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.91M |
CMF Hedge Fund Activity: Q4 2016 in Review
84 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q4 2016, worth a combined $279M — up 42% from $196M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CMF positions and 14 closed out — a net gain of 6 holders — while 26 added to existing stakes and 19 trimmed.
The largest buyer was Mission Wealth Management, adding an estimated $45.1M. The largest seller was MUFG Americas, cutting an estimated $5.7M.
- 84 institutional investors held iShares California Muni Bond ETF (CMF) as of Q4 2016, up from 79 in Q3 2016.
- Funds reported $279M of iShares California Muni Bond ETF stock for Q4 2016, up 42% quarter-over-quarter.
- 20 funds opened new iShares California Muni Bond ETF positions in Q4 2016 and 14 closed out, a net change of +6 holders.
- The largest iShares California Muni Bond ETF buyer in Q4 2016 was Mission Wealth Management, an estimated $45.1M added.
- The largest iShares California Muni Bond ETF seller in Q4 2016 was MUFG Americas, an estimated $5.7M sold.
Based on aggregated 13F filings for Q4 2016.