Union Savings Bank Grows Position in iShares Short-Term California Muni Active ETF $CALI

Union Savings Bank grew its holdings in shares of iShares Short-Term California Muni Active ETF (NASDAQ:CALI) by 34.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,554 shares of the company’s stock after acquiring an additional 1,662 shares during the quarter. Union Savings Bank owned about 0.25% of iShares Short-Term California Muni Active ETF worth $331,000 at the end of the most recent quarter.

Separately, Farther Finance Advisors LLC purchased a new stake in iShares Short-Term California Muni Active ETF in the second quarter valued at approximately $242,000.

iShares Short-Term California Muni Active ETF Price Performance

Shares of iShares Short-Term California Muni Active ETF stock opened at $50.53 on Friday. iShares Short-Term California Muni Active ETF has a 1 year low of $49.57 and a 1 year high of $50.78. The company has a 50 day simple moving average of $50.59 and a two-hundred day simple moving average of $50.44. The firm has a market cap of $174.33 million, a PE ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd were given a dividend of $0.1152 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

iShares Short-Term California Muni Active ETF Company Profile

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.