12,475 Shares in iShares Short-Term California Muni Active ETF $CALI Acquired by Diversified Portfolios Inc.

Diversified Portfolios Inc. acquired a new position in shares of iShares Short-Term California Muni Active ETF (NASDAQ:CALI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,475 shares of the company’s stock, valued at approximately $629,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cary Street Partners Financial LLC bought a new position in iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $1,304,000. Graybill Wealth Management LTD. bought a new position in iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $304,000. Finally, JPMorgan Chase & Co. bought a new position in iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $46,000.

iShares Short-Term California Muni Active ETF Price Performance

iShares Short-Term California Muni Active ETF stock opened at $50.37 on Tuesday. The company’s 50 day simple moving average is $50.43 and its 200 day simple moving average is $50.51. iShares Short-Term California Muni Active ETF has a fifty-two week low of $50.04 and a fifty-two week high of $50.79. The firm has a market capitalization of $294.66 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 company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were paid a dividend of $0.1159 per share. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 1st. This is a positive change from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.08.

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. CALI was launched on Jul 11, 2023 and is issued by BlackRock.