BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $50.30 and traded as high as $50.52. BlackRock Short-Term California Muni Bond ETF shares last traded at $50.41, with a volume of 25,574 shares changing hands.

BlackRock Short-Term California Muni Bond ETF Trading Up 0.2 %

The firm has a fifty day moving average price of $50.37 and a 200 day moving average price of $50.30.

Hedge Funds Weigh In On BlackRock Short-Term California Muni Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new position in BlackRock Short-Term California Muni Bond ETF in the 2nd quarter worth $1,095,000. Citizens Financial Group Inc. RI raised its stake in shares of BlackRock Short-Term California Muni Bond ETF by 0.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 70,163 shares of the company’s stock valued at $3,522,000 after buying an additional 432 shares during the last quarter. Bell Investment Advisors Inc raised its stake in shares of BlackRock Short-Term California Muni Bond ETF by 641.9% during the 2nd quarter. Bell Investment Advisors Inc now owns 7,538 shares of the company’s stock valued at $378,000 after buying an additional 6,522 shares during the last quarter. Alpha Financial Partners LLC purchased a new position in shares of BlackRock Short-Term California Muni Bond ETF during the 3rd quarter valued at about $300,000. Finally, AlphaStar Capital Management LLC raised its stake in shares of BlackRock Short-Term California Muni Bond ETF by 28.8% during the 2nd quarter. AlphaStar Capital Management LLC now owns 7,818 shares of the company’s stock valued at $392,000 after buying an additional 1,746 shares during the last quarter.

About BlackRock Short-Term California Muni Bond ETF

The BlackRock Short-Term California Muni Bond ETF (CALY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund 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.