iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Trading Up 0.1% – Should You Buy?

iShares Short-Term California Muni Active ETF (NASDAQ:CALI)’s stock price traded up 0.1% on Wednesday . The stock traded as high as $50.50 and last traded at $50.49. 64,771 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 88,659 shares. The stock had previously closed at $50.46.

iShares Short-Term California Muni Active ETF Trading Up 0.0%

The company has a market cap of $295.48 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. The stock’s 50-day moving average is $50.44 and its 200-day moving average is $50.50.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0963 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 2.3%.

Institutional Trading of iShares Short-Term California Muni Active ETF

Several large investors have recently made changes to their positions in CALI. JPMorgan Chase & Co. bought a new stake in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at about $46,000. Cary Street Partners Financial LLC acquired a new stake in iShares Short-Term California Muni Active ETF in the third quarter valued at approximately $1,304,000. Graybill Wealth Management LTD. bought a new stake in shares of iShares Short-Term California Muni Active ETF during the third quarter valued at approximately $304,000. Diversified Portfolios Inc. bought a new stake in shares of iShares Short-Term California Muni Active ETF during the fourth quarter valued at approximately $629,000. Finally, Union Savings Bank acquired a new position in shares of iShares Short-Term California Muni Active ETF during the fourth quarter worth approximately $350,000.

About iShares Short-Term California Muni Active ETF

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY 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. CALI was launched on Jul 11, 2023 and is issued by BlackRock.