Eaton Vance California Municipal Income Trust (NYSE:CEV) Trading Down 1.4%

Eaton Vance California Municipal Income Trust (NYSE:CEV – Get Rating) traded down 1.4% on Wednesday . The stock traded as low as $9.71 and last traded at $9.72. 13,445 shares were traded during mid-day trading, a decline of 23% from the average session volume of 17,413 shares. The stock had previously closed at $9.86.

Eaton Vance California Municipal Income Trust Stock Down 1.4 %

The company’s fifty day moving average is $10.07 and its two-hundred day moving average is $10.06.

Eaton Vance California Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, May 18th. Investors of record on Thursday, May 11th were issued a $0.0371 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.45 annualized dividend and a yield of 4.58%.

Institutional Investors Weigh In On Eaton Vance California Municipal Income Trust

Several large investors have recently bought and sold shares of the company. UBS Group AG increased its stake in Eaton Vance California Municipal Income Trust by 12.3% in the fourth quarter. UBS Group AG now owns 25,999 shares of the company’s stock valued at $259,000 after purchasing an additional 2,841 shares in the last quarter. Hollencrest Capital Management bought a new stake in Eaton Vance California Municipal Income Trust in the fourth quarter valued at approximately $45,000. Guggenheim Capital LLC increased its stake in Eaton Vance California Municipal Income Trust by 5.3% in the first quarter. Guggenheim Capital LLC now owns 159,819 shares of the company’s stock valued at $1,635,000 after purchasing an additional 8,022 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Eaton Vance California Municipal Income Trust by 4.9% in the fourth quarter. Advisors Asset Management Inc. now owns 194,039 shares of the company’s stock valued at $1,937,000 after purchasing an additional 9,081 shares in the last quarter. Finally, Wealthspire Advisors LLC bought a new stake in shares of Eaton Vance California Municipal Income Trust during the first quarter worth $147,000. Institutional investors own 19.37% of the company’s stock.

About Eaton Vance California Municipal Income Trust

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Eaton Vance California Municipal Income Trust operates as a closed-end investment fund. It seeks current income exempt from regular federal income tax and California state personal income taxes. The company was founded on January 29, 1999 and is headquartered in Boston, MA.