iShares California Muni Bond ETF Price & Performance (CMF)

Raymond James Financial Inc. has invested $11.4 million in iShares California Muni Bond ETF, purchasing nearly 200,000 shares. This move highlights growing institutional interest in municipal bond ETFs, which offer tax-advantaged returns. Several hedge funds have also increased their positions, signaling confidence in the asset's stability.1

The iShares California Muni Bond ETF has maintained a steady trading range between $56.32 and $58.18 over the past year. With its focus on investment-grade municipal bonds, the ETF continues to attract investors seeking stable, tax-efficient income amid fluctuating markets.2

Raymond James Financial Inc. has purchased a $10.98 million stake in the iShares Dow Jones U.S. ETF during the fourth quarter. The ETF, which tracks the performance of the U.S. equity market, remains a popular choice for broad market exposure among institutional investors.3