Fortitude Family Office LLC Makes New $2.09 Million Investment in iShares Short-Term California Muni Active ETF $CALI

Fortitude Family Office LLC acquired a new position in iShares Short-Term California Muni Active ETF (NASDAQ:CALI – Free Report) in the 3rd quarter, Holdings Channel reports. The firm acquired 41,952 shares of the company’s stock, valued at approximately $2,090,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position in shares of iShares Short-Term California Muni Active ETF by 12.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,754 shares of the company’s stock worth $386,000 after purchasing an additional 875 shares during the period. Shah Wealth Advisors LLC bought a new stake in shares of iShares Short-Term California Muni Active ETF during the 2nd quarter valued at about $322,000. Union Savings Bank purchased a new position in shares of iShares Short-Term California Muni Active ETF during the fourth quarter valued at about $350,000. Finally, McIlrath & Eck LLC purchased a new position in shares of iShares Short-Term California Muni Active ETF during the first quarter valued at about $1,390,000.

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iShares Short-Term California Muni Active ETF Price Performance

Shares of NASDAQ CALI opened at $49.90 on Thursday. iShares Short-Term California Muni Active ETF has a 1 year low of $49.66 and a 1 year high of $51.39. The stock has a market capitalization of $586.33 million, a P/E ratio of -149.58 and a beta of 0.06. The company’s 50-day moving average is $50.14 and its 200 day moving average is $50.32.

iShares Short-Term California Muni Active ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1043 per share. This represents a $1.25 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.1003.

About iShares Short-Term California Muni Active ETF

(Free Report)

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.

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Want to see what other hedge funds are holding CALI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Short-Term California Muni Active ETF (NASDAQ:CALI – Free Report).

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