iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Reaches New 12-Month Low – Time to Sell?

iShares Short-Term California Muni Active ETF (NASDAQ:CALI)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $50.03 and last traded at $50.02, with a volume of 7477 shares trading hands. The stock had previously closed at $50.06.

iShares Short-Term California Muni Active ETF Stock Down 0.1%

The company has a market cap of $512.35 million, a price-to-earnings ratio of -149.58 and a beta of 0.05. The firm’s 50 day simple moving average is $50.32 and its 200 day simple moving average is $50.40.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.1003 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 2.4%.

Institutional Trading of iShares Short-Term California Muni Active ETF

A number of hedge funds have recently made changes to their positions in the stock. Shah Wealth Advisors LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF in the 2nd quarter valued at approximately $322,000. McIlrath & Eck LLC acquired a new stake in iShares Short-Term California Muni Active ETF during the first quarter worth about $1,390,000. Union Savings Bank acquired a new position in shares of iShares Short-Term California Muni Active ETF in the fourth quarter valued at $350,000. Cary Street Partners Financial LLC lifted its holdings 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 acquiring an additional 500 shares during the period. Finally, Diversified Portfolios Inc. bought a new stake in shares of iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $629,000.

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.