iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Hits New 1-Year Low – Time to Sell?

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $49.67 and last traded at $49.78, with a volume of 598570 shares changing hands. The stock had previously closed at $49.83.

iShares Short-Term California Muni Active ETF Stock Performance

The stock has a fifty day moving average price of $50.25 and a 200-day moving average price of $50.37. The firm has a market capitalization of $537.95 million, a PE ratio of -149.58 and a beta of 0.05.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.1043 per share. The ex-dividend date of this dividend is Thursday, October 1st. This is an increase from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003. This represents a $1.25 dividend on an annualized basis and a yield of 2.5%.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

A number of large investors have recently added to or reduced their stakes in CALI. Shah Wealth Advisors LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF in the 2nd quarter valued at about $322,000. Union Savings Bank bought a new position in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth approximately $350,000. Finally, McIlrath & Eck LLC bought a new position in shares of iShares Short-Term California Muni Active ETF during the 1st quarter worth approximately $1,390,000.

iShares Short-Term California Muni Active ETF Company Profile

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.