iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Declares Monthly Dividend of $0.11

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.106 per share on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 7.1% increase from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.10.

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

Shares of CALI traded down $0.07 during midday trading on Wednesday, reaching $50.36. 27,561 shares of the stock were exchanged, compared to its average volume of 74,374. iShares Short-Term California Muni Active ETF has a 52 week low of $49.57 and a 52 week high of $50.79. The company’s 50 day moving average is $50.59 and its two-hundred day moving average is $50.56. The company has a market capitalization of $259.35 million, a P/E ratio of -149.58 and a beta of 0.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC grew its holdings in iShares Short-Term California Muni Active ETF by 1.9% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,239 shares of the company’s stock worth $1,324,000 after acquiring an additional 500 shares in the last quarter. Diversified Portfolios Inc. bought a new stake in shares of iShares Short-Term California Muni Active ETF in the 4th quarter valued at about $629,000. Union Savings Bank purchased a new stake in shares of iShares Short-Term California Muni Active ETF in the 4th quarter worth approximately $350,000. Graybill Wealth Management LTD. purchased a new stake in shares of iShares Short-Term California Muni Active ETF in the 3rd quarter worth approximately $304,000. Finally, Cheviot Value Management LLC bought a new position in shares of iShares Short-Term California Muni Active ETF during the second quarter valued at approximately $88,000.

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.