iShares California Muni Bond ETF
112 hedge funds and large institutions have $356M invested in iShares California Muni Bond ETF in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 9 closing their positions.
124% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 21
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
19% more capital invested
Capital invested by funds: $300M → $356M (+$56.6M)
3.41% more ownership
Funds ownership: 35.83% → 39.24% (+3.4%)
2% more funds holding
Funds holding: 110 → 112 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$29.2M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$19.3M |
| 3 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$4.15M |
| 4 |
Morgan Stanley
New York
|
+$2.52M |
| 5 |
B
Bailard
Foster City,
California
|
+$2.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$3.28M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$3.02M |
| 3 |
Mariner
Overland Park,
Kansas
|
-$1.89M |
| 4 |
Goldman Sachs
New York
|
-$1.27M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.19M |
CMF Hedge Fund Activity: Q1 2018 in Review
112 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in iShares California Muni Bond ETF (CMF) for Q1 2018, worth a combined $356M — up 19% from $300M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new CMF positions and 9 closed out — a net gain of 3 holders — while 47 added to existing stakes and 21 trimmed.
The largest buyer was Miracle Mile Advisors, adding an estimated $29.2M. The largest seller was BB&T Securities, exiting entirely with an estimated $3.28M sold.
- 112 institutional investors held iShares California Muni Bond ETF (CMF) as of Q1 2018, up from 110 in Q4 2017.
- Funds reported $356M of iShares California Muni Bond ETF stock for Q1 2018, up 19% quarter-over-quarter.
- 12 funds opened new iShares California Muni Bond ETF positions in Q1 2018 and 9 closed out, a net change of +3 holders.
- The largest iShares California Muni Bond ETF buyer in Q1 2018 was Miracle Mile Advisors, an estimated $29.2M added.
- The largest iShares California Muni Bond ETF seller in Q1 2018 was BB&T Securities, an estimated $3.28M sold.
Based on aggregated 13F filings for Q1 2018.