Elmwood Wealth Management Inc. Has $6.26 Million Stock Position in BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY)

Elmwood Wealth Management Inc. lifted its position in BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,817 shares of the company’s stock after buying an additional 7,464 shares during the quarter. BlackRock Short-Term California Muni Bond ETF comprises approximately 2.5% of Elmwood Wealth Management Inc.’s holdings, making the stock its 6th biggest position. Elmwood Wealth Management Inc. owned approximately 19.20% of BlackRock Short-Term California Muni Bond ETF worth $6,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Management Network Inc. acquired a new stake in shares of BlackRock Short-Term California Muni Bond ETF during the third quarter worth $215,000. Integrated Wealth Concepts LLC acquired a new position in BlackRock Short-Term California Muni Bond ETF in the third quarter valued at about $250,000. Alpha Financial Partners LLC acquired a new position in BlackRock Short-Term California Muni Bond ETF in the third quarter valued at about $300,000. Richard P Slaughter Associates Inc acquired a new position in BlackRock Short-Term California Muni Bond ETF in the third quarter valued at about $398,000. Finally, TRU Independence Asset Management 2 LLC acquired a new position in BlackRock Short-Term California Muni Bond ETF in the third quarter valued at about $461,000.

BlackRock Short-Term California Muni Bond ETF Stock Performance

BlackRock Short-Term California Muni Bond ETF stock traded up $0.02 during midday trading on Monday, reaching $50.24. The company’s stock had a trading volume of 36,899 shares, compared to its average volume of 5,591. BlackRock Short-Term California Muni Bond ETF has a 52 week low of $49.68 and a 52 week high of $50.65. The business has a 50-day moving average price of $50.30 and a 200-day moving average price of $50.33.

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.