BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Shares Pass Above 200-Day Moving Average – Should You Sell?

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $50.31 and traded as high as $50.43. BlackRock Short-Term California Muni Bond ETF shares last traded at $50.34, with a volume of 6,333 shares.

BlackRock Short-Term California Muni Bond ETF Stock Performance

The company has a fifty day simple moving average of $50.35 and a 200-day simple moving average of $50.31.

Institutional Investors Weigh In On BlackRock Short-Term California Muni Bond ETF

Hedge funds have recently bought and sold shares of the business. Financial Management Network Inc. acquired a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the 3rd quarter valued at $215,000. Integrated Wealth Concepts LLC purchased a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the third quarter worth $250,000. Alpha Financial Partners LLC acquired a new stake in BlackRock Short-Term California Muni Bond ETF during the third quarter valued at $300,000. TriaGen Wealth Management LLC grew its stake in BlackRock Short-Term California Muni Bond ETF by 33.7% in the second quarter. TriaGen Wealth Management LLC now owns 6,867 shares of the company’s stock valued at $345,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its position in BlackRock Short-Term California Muni Bond ETF by 641.9% in the 2nd quarter. Bell Investment Advisors Inc now owns 7,538 shares of the company’s stock worth $378,000 after purchasing an additional 6,522 shares during the last quarter.

About BlackRock Short-Term California Muni Bond ETF

The BlackRock Short-Term California Muni Bond ETF (CALY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years.