Fortitude Family Office LLC Makes New Investment in iShares Short-Term California Muni Active ETF $CALI

Fortitude Family Office LLC acquired a new stake in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,952 shares of the company’s stock, valued at approximately $2,090,000. Fortitude Family Office LLC owned 0.36% 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 modified their holdings of CALI. Shah Wealth Advisors LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF in the second quarter worth about $322,000. Union Savings Bank purchased a new position in iShares Short-Term California Muni Active ETF during the 4th quarter valued at about $350,000. Farther Finance Advisors LLC increased its holdings in iShares Short-Term California Muni Active ETF by 12.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,754 shares of the company’s stock valued at $386,000 after purchasing an additional 875 shares during the period. Finally, McIlrath & Eck LLC bought a new position in iShares Short-Term California Muni Active ETF during the 1st quarter valued at approximately $1,390,000.

iShares Short-Term California Muni Active ETF Price Performance

CALI opened at $49.90 on Thursday. iShares Short-Term California Muni Active ETF has a one year low of $49.66 and a one year high of $51.39. The business has a 50 day simple moving average of $50.14 and a two-hundred day simple moving average of $50.32. The firm has a market capitalization of $586.33 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 firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.1043 per share. This represents a $1.25 annualized dividend and a dividend yield of 2.5%. This is a boost from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003. The ex-dividend date of this dividend was Thursday, October 1st.

iShares Short-Term California Muni Active ETF 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. CALI was launched on Jul 11, 2023 and is issued by BlackRock.