BlackRock California Municipal Income Trust (NYSE:BFZ) Position Raised by Raymond James & Associates

Raymond James & Associates raised its position in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) by 146.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,279 shares of the company’s stock after purchasing an additional 27,500 shares during the quarter. Raymond James & Associates’ holdings in BlackRock California Municipal Income Trust were worth $557,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Miracle Mile Advisors LLC raised its position in BlackRock California Municipal Income Trust by 18.2% during the third quarter. Miracle Mile Advisors LLC now owns 13,000 shares of the company’s stock valued at $134,000 after buying an additional 2,000 shares during the period. Clough Capital Partners L P increased its holdings in shares of BlackRock California Municipal Income Trust by 175.5% in the 3rd quarter. Clough Capital Partners L P now owns 34,536 shares of the company’s stock valued at $355,000 after purchasing an additional 22,000 shares during the period. Robinson Capital Management LLC purchased a new stake in shares of BlackRock California Municipal Income Trust in the third quarter worth approximately $655,000. Oder Investment Management LLC lifted its position in shares of BlackRock California Municipal Income Trust by 2.4% in the third quarter. Oder Investment Management LLC now owns 122,120 shares of the company’s stock worth $1,257,000 after purchasing an additional 2,820 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of BlackRock California Municipal Income Trust by 6.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 358,458 shares of the company’s stock worth $3,689,000 after purchasing an additional 21,799 shares in the last quarter.

BlackRock California Municipal Income Trust Price Performance

NYSE BFZ opened at $11.52 on Friday. The company has a 50 day simple moving average of $11.75 and a 200-day simple moving average of $11.41. BlackRock California Municipal Income Trust has a 52-week low of $9.86 and a 52-week high of $12.31.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend is Friday, April 12th.

Insider Transactions at BlackRock California Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 14,317 shares of BlackRock California Municipal Income Trust stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of $11.68 per share, with a total value of $167,222.56. Following the completion of the transaction, the insider now directly owns 5,144,048 shares of the company’s stock, valued at $60,082,480.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 119,997 shares of company stock valued at $1,419,446 over the last three months.

BlackRock California Municipal Income Trust Company Profile

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.