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California retirees comparing bond ETFs by headline yield alone could be leaving meaningful income on the table, and the culprit hides in plain sight inside a perfectly ordinary tax bill.

Shares of iShares California Muni Bond ETF (NYSEARCA:CMF - Get Free Report) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $54.46 and last traded at $54.65, with a volume of 4078919 shares traded. The stock had previously closed at $55.03. iShares California Muni Bond ETF Price

GAMMA Investing LLC lowered its position in iShares California Muni Bond ETF (NYSEARCA:CMF) by 91.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 957 shares of the company's stock after selling 10,149 shares during the quarter.

Fifth Third Bancorp bought a new stake in shares of iShares California Muni Bond ETF (NYSEARCA:CMF) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 70,004 shares of the company's stock, valued at approximately $3,980,000. Fifth Third Bancorp