Farther Finance Advisors LLC Makes New Investment in iShares Short-Term California Muni Active ETF $CALI

Farther Finance Advisors LLC bought a new position in shares of iShares Short-Term California Muni Active ETF (NASDAQ:CALI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,791 shares of the company’s stock, valued at approximately $242,000. Farther Finance Advisors LLC owned approximately 0.20% of iShares Short-Term California Muni Active ETF at the end of the most recent quarter.

Separately, Integrated Wealth Concepts LLC acquired a new position in iShares Short-Term California Muni Active ETF during the first quarter worth about $1,080,000.

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

NASDAQ:CALI opened at $50.67 on Wednesday. The stock has a market cap of $131.74 million, a P/E ratio of -149.58 and a beta of 0.06. The stock’s 50-day moving average is $50.56 and its 200-day moving average is $50.36. iShares Short-Term California Muni Active ETF has a 1-year low of $49.57 and a 1-year high of $50.78.

iShares Short-Term California Muni Active ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 5th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.1058 per share. This represents a c) annualized dividend and a dividend yield of 2.5%. This is an increase from iShares Short-Term California Muni Active ETF’s previous monthly dividend of $0.10. The ex-dividend date was Tuesday, September 2nd.

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.