Diversified Portfolios Inc. Acquires Shares of 12,475 iShares Short-Term California Muni Active ETF $CALI

Diversified Portfolios Inc. acquired a new stake in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,475 shares of the company’s stock, valued at approximately $629,000. Diversified Portfolios Inc. owned approximately 0.24% of iShares Short-Term California Muni Active ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at about $46,000. Graybill Wealth Management LTD. acquired a new stake in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at about $304,000. Finally, Cary Street Partners Financial LLC acquired a new stake in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at about $1,304,000.

iShares Short-Term California Muni Active ETF Stock Performance

CALI opened at $50.37 on Tuesday. The stock has a market capitalization of $294.66 million, a PE ratio of -149.58 and a beta of 0.06. iShares Short-Term California Muni Active ETF has a 1-year low of $50.04 and a 1-year high of $50.79. The firm has a 50-day moving average price of $50.43 and a two-hundred day moving average price of $50.51.

iShares Short-Term California Muni Active ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.1159 per share. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 2.8%. This is a positive change from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.08.

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.