BlackRock Short-Term California Muni Bond ETF company info

What does BlackRock Short-Term California Muni Bond ETF do?
BlackRock Short-Term California Muni Bond ETF (NASDAQ:CALY) focuses on the investment in short-term municipal bonds primarily from the state of California. The ETF aims to provide investors with income that is exempt from federal and California state income taxes. Through its portfolio, it invests in a diverse range of high-quality, short-term municipal bonds issued within California. The objective of SCMB is to offer a stable income stream while maintaining a low to moderate level of risk, making it an attractive option for investors seeking tax-efficient income and stability in their investment portfolios.
BlackRock Short-Term California Muni Bond ETF company media
Company Snapshot

Is BlackRock Short-Term California Muni Bond ETF a public or private company?

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Ownership
Public

How many people does BlackRock Short-Term California Muni Bond ETF employ?

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Employees
25,851

What sector is BlackRock Short-Term California Muni Bond ETF in?

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Sector
ETF

Where is the head office for BlackRock Short-Term California Muni Bond ETF?

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Head Office
New York, United States

What year was BlackRock Short-Term California Muni Bond ETF founded?

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Year Founded
2023
What does BlackRock Short-Term California Muni Bond ETF specialise in?
/Bond ETFs /Short-Term Investment /Municipal Bonds /California Market /Income Generation /Tax-Exempt Benefits

What are the products and/or services of BlackRock Short-Term California Muni Bond ETF?

Overview of BlackRock Short-Term California Muni Bond ETF offerings
Investing in short-term, investment-grade California municipal bonds to provide tax-exempt income.
Focusing on minimizing interest rate risk while seeking to provide shareholders with income exempt from federal and California state taxes.
Offering liquidity through its exchange-traded fund (ETF) structure, allowing investors to buy and sell shares during market hours.
Implementing a diversified portfolio approach to mitigate risks associated with single issuers or specific sectors within the California municipal bond market.
Utilizing BlackRock’s extensive research and risk management capabilities to select bonds that offer the best relative value.
Providing access to an asset class that can serve as a lower-risk component within a broader investment portfolio due to its tax advantages and income generation potential.