iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Reaches New 1-Year Low – Should You Sell?

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

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

The firm has a 50 day moving average price of $50.32 and a 200-day moving average price of $50.40. The firm has a market cap of $512.35 million, a PE ratio of -149.58 and a beta of 0.05.

iShares Short-Term California Muni Active ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Diversified Portfolios Inc. purchased a new position in iShares Short-Term California Muni Active ETF during the 4th quarter worth $629,000. McIlrath & Eck LLC acquired a new stake in iShares Short-Term California Muni Active ETF during the 1st quarter worth approximately $1,390,000. Shah Wealth Advisors LLC purchased a new stake in iShares Short-Term California Muni Active ETF during the 2nd quarter worth $322,000. Union Savings Bank purchased a new stake in shares of iShares Short-Term California Muni Active ETF during the fourth quarter valued at approximately $350,000. Finally, Cary Street Partners Financial LLC lifted its position in shares of iShares Short-Term California Muni Active ETF by 1.9% during the fourth 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.

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.