Raymond James Financial Inc. Acquires Shares of 47,938 Eaton Vance California Municipal Income Trust (NYSE:CEV)

Raymond James Financial Inc. bought a new stake in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV) in the fourth quarter, Holdings Channel reports. The fund bought 47,938 shares of the company’s stock, valued at approximately $481,000.

Several other hedge funds have also recently made changes to their positions in CEV. Noble Wealth Management PBC bought a new position in Eaton Vance California Municipal Income Trust in the 4th quarter worth about $32,000. Whipplewood Advisors LLC bought a new stake in shares of Eaton Vance California Municipal Income Trust in the 4th quarter worth approximately $169,000. Wealthspire Advisors LLC increased its holdings in shares of Eaton Vance California Municipal Income Trust by 68.1% in the fourth quarter. Wealthspire Advisors LLC now owns 24,196 shares of the company’s stock worth $243,000 after buying an additional 9,805 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in shares of Eaton Vance California Municipal Income Trust by 255.4% in the fourth quarter. Wolverine Asset Management LLC now owns 59,812 shares of the company’s stock worth $601,000 after buying an additional 42,983 shares during the period. 35.88% of the stock is currently owned by institutional investors.

Eaton Vance California Municipal Income Trust Stock Performance

Shares of Eaton Vance California Municipal Income Trust stock opened at $9.83 on Friday. Eaton Vance California Municipal Income Trust has a 52 week low of $9.31 and a 52 week high of $11.29. The business has a 50 day moving average of $9.89 and a 200 day moving average of $10.16.

Eaton Vance California Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.60 annualized dividend and a yield of 6.10%.

Eaton Vance California Municipal Income Trust Profile

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.