iShares California Muni Bond ETF
0
Funds holding %
of 6,831 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
250% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 10
86% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 64
50% more funds holding in top 10
Funds holding in top 10: 12 [Q2] → 18 (+6) [Q3]
14% more capital invested
Capital invested by funds: $2.26B [Q2] → $2.58B (+$321M) [Q3]
11% more call options, than puts
Call options by funds: $291K | Put options by funds: $262K
8% more funds holding
Funds holding: 246 [Q2] → 265 (+19) [Q3]
1.38% less ownership
Funds ownership: 80.4% [Q2] → 79.02% (-1.38%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for CMF.
Financial journalist opinion
Positive
Seeking Alpha
2 months ago
CMF: Good For California Residents
The iShares California Muni Bond ETF offers tax-free income with a low expense ratio of 0.08%, focusing on high-quality California municipal bonds. The fund is highly diversified, with the largest bond allocation at just 0.77%, and focuses on key services like schools and utilities. With 81% of the portfolio rated AA, the ETF provides stability and steady income, boasting a 30-day SEC yield of 3.2%.
Neutral
Seeking Alpha
5 months ago
Municipal Fixed Income: Shelter From The Storm?
Specific to the muni market, perhaps the biggest surprise this year has been new issue supply that is running well ahead of expectations, up roughly 40% from last year. We think this increased summer issuance is likely the result of deals getting pulled forward, as issuers may be cautious about coming to market later in the fall ahead of what is likely to be an uncertain U.S. political climate. While municipal credit quality has already peaked, it is entering this period of moderating economic growth from a position of strength.
Positive
Seeking Alpha
1 year ago
Q4 Report: Tax-Exempt Bond Funds Hit Second Highest Quarterly Return As Fixed Income Rebounds From Q3 Loss
Q4 Report: Tax-Exempt Bond Funds Hit Second Highest Quarterly Return As Fixed Income Rebounds From Q3 Loss
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