BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $50.31 and traded as high as $50.43. BlackRock Short-Term California Muni Bond ETF shares last traded at $50.34, with a volume of 6,333 shares traded.

BlackRock Short-Term California Muni Bond ETF Stock Performance

The company’s 50 day simple moving average is $50.35 and its two-hundred day simple moving average is $50.31.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CALY. Financial Management Network Inc. purchased a new position in shares of BlackRock Short-Term California Muni Bond ETF in the third quarter valued at approximately $215,000. Integrated Wealth Concepts LLC purchased a new position in shares of BlackRock Short-Term California Muni Bond ETF in the third quarter valued at approximately $250,000. Alpha Financial Partners LLC purchased a new position in shares of BlackRock Short-Term California Muni Bond ETF in the third quarter valued at approximately $300,000. TriaGen Wealth Management LLC boosted its stake in shares of BlackRock Short-Term California Muni Bond ETF by 33.7% in the second quarter. TriaGen Wealth Management LLC now owns 6,867 shares of the company’s stock valued at $345,000 after purchasing an additional 1,729 shares during the period. Finally, Bell Investment Advisors Inc boosted its stake in shares of BlackRock Short-Term California Muni Bond ETF by 641.9% in the second quarter. Bell Investment Advisors Inc now owns 7,538 shares of the company’s stock valued at $378,000 after purchasing an additional 6,522 shares during the period.

BlackRock Short-Term California Muni Bond ETF Company Profile

The BlackRock Short-Term California Muni Bond ETF (CALY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund 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.