iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Announces $0.10 Dividend

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) declared a dividend on Monday, August 31st. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.1003 per share on Friday, September 4th. The ex-dividend date of this dividend is Tuesday, September 1st.

iShares Short-Term California Muni Active ETF Stock Performance

Shares of CALI stock traded down $0.17 during trading hours on Tuesday, reaching $50.24. The company had a trading volume of 124,328 shares, compared to its average volume of 97,146. iShares Short-Term California Muni Active ETF has a 12-month low of $50.04 and a 12-month high of $51.39. The company has a market capitalization of $444.62 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. The stock has a fifty day moving average of $50.41 and a 200-day moving average of $50.46.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Shah Wealth Advisors LLC acquired a new position in iShares Short-Term California Muni Active ETF in the second quarter valued at approximately $322,000. McIlrath & Eck LLC purchased a new position in shares of iShares Short-Term California Muni Active ETF during the 1st quarter worth $1,390,000. Union Savings Bank purchased a new position in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth $350,000. Cary Street Partners Financial LLC increased its position in shares of iShares Short-Term California Muni Active ETF by 1.9% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after purchasing an additional 500 shares during the last quarter. Finally, Diversified Portfolios Inc. acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the 4th quarter worth about $629,000.

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.