Emery Howard Portfolio Management Inc. Raises Stake in iShares S&P California Mun Bnd Fnd (CMF)

Emery Howard Portfolio Management Inc. raised its holdings in shares of iShares S&P California Mun Bnd Fnd (NYSEARCA:CMF) by 101.4% in the 4th quarter, HoldingsChannel reports. The fund owned 8,230 shares of the company’s stock after buying an additional 4,143 shares during the period. iShares S&P California Mun Bnd Fnd makes up approximately 0.1% of Emery Howard Portfolio Management Inc.’s portfolio, making the stock its 25th largest position. Emery Howard Portfolio Management Inc.’s holdings in iShares S&P California Mun Bnd Fnd were worth $487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CMF. Rand Wealth LLC grew its stake in shares of iShares S&P California Mun Bnd Fnd by 100.0% in the fourth quarter. Rand Wealth LLC now owns 8,022 shares of the company’s stock valued at $475,000 after buying an additional 4,011 shares in the last quarter. Calton & Associates Inc. bought a new position in shares of iShares S&P California Mun Bnd Fnd in the fourth quarter valued at $198,000. Caprin Asset Management LLC ADV grew its stake in shares of iShares S&P California Mun Bnd Fnd by 98.2% in the fourth quarter. Caprin Asset Management LLC ADV now owns 10,399 shares of the company’s stock valued at $615,000 after buying an additional 5,151 shares in the last quarter. US Bancorp DE grew its stake in shares of iShares S&P California Mun Bnd Fnd by 100.0% in the fourth quarter. US Bancorp DE now owns 1,858 shares of the company’s stock valued at $110,000 after buying an additional 929 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares S&P California Mun Bnd Fnd by 100.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,752 shares of the company’s stock valued at $340,000 after buying an additional 2,876 shares in the last quarter.

iShares S&P California Mun Bnd Fnd (NYSEARCA:CMF) opened at $58.33 on Friday. iShares S&P California Mun Bnd Fnd has a 52 week low of $57.35 and a 52 week high of $59.75.

The company also recently announced a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were paid a $0.1012 dividend. The ex-dividend date was Thursday, February 1st. This is a boost from iShares S&P California Mun Bnd Fnd’s previous monthly dividend of $0.10. This represents a $1.21 annualized dividend and a dividend yield of 2.08%.

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About iShares S&P California Mun Bnd Fnd

iShares California AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P California AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the S&P California AMT-Free Municipal Bond Index (the Index), which measures the performance of the investment-grade segment of the California municipal bond market and the components primarily include transportation and utilities companies.

Want to see what other hedge funds are holding CMF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P California Mun Bnd Fnd (NYSEARCA:CMF).

Institutional Ownership by Quarter for iShares S&P California Mun Bnd Fnd (NYSEARCA:CMF)

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