iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Trading 0% Higher – Here’s Why

iShares Short-Term California Muni Active ETF (NASDAQ:CALI)’s stock price were up 0% during mid-day trading on Wednesday . The company traded as high as $50.50 and last traded at $50.48. Approximately 17,934 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 29,372 shares. The stock had previously closed at $50.47.

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

The company’s 50-day simple moving average is $50.55 and its 200 day simple moving average is $50.49. The stock has a market capitalization of $174.16 million, a price-to-earnings ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were issued a dividend of $0.1152 per share. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change from iShares Short-Term California Muni Active ETF’s previous dividend of $0.10.

Institutional Investors Weigh In On iShares Short-Term California Muni Active ETF

Large investors have recently added to or reduced their stakes in the stock. Graybill Wealth Management LTD. acquired a new position in iShares Short-Term California Muni Active ETF during the third quarter valued at approximately $304,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF in the third quarter worth $1,304,000. JPMorgan Chase & Co. bought a new stake in shares of iShares Short-Term California Muni Active ETF during the 3rd quarter worth $46,000. Cheviot Value Management LLC acquired a new position in iShares Short-Term California Muni Active ETF in the 2nd quarter valued at $88,000. Finally, Union Savings Bank grew its stake in iShares Short-Term California Muni Active ETF by 34.0% in the 2nd quarter. Union Savings Bank now owns 6,554 shares of the company’s stock valued at $331,000 after buying an additional 1,662 shares during the last quarter.

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.