iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Trading at $50.06

iShares Short-Term California Muni Active ETF (NASDAQ:CALI)’s stock price fell 0% during mid-day trading on Tuesday. The company traded as low as $50.05 and last traded at $50.06. Approximately 180,629 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 101,235 shares. The stock had previously closed at $50.08.

iShares Short-Term California Muni Active ETF Stock Performance

The company has a 50 day moving average of $50.31 and a 200 day moving average of $50.40. The stock has a market capitalization of $518.96 million, a price-to-earnings ratio of -149.58 and a beta of 0.05.

iShares Short-Term California Muni Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.1003 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a negative change from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1046. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.4%.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Cary Street Partners Financial LLC lifted its stake in iShares Short-Term California Muni Active ETF by 1.9% in 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 in the last quarter. Shah Wealth Advisors LLC purchased a new stake in shares of iShares Short-Term California Muni Active ETF in the second quarter valued at approximately $322,000. Union Savings Bank acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the fourth quarter valued at approximately $350,000. Finally, McIlrath & Eck LLC purchased a new position in iShares Short-Term California Muni Active ETF during the first 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.