BlackRock California Municipal Income Trust (BFZ) To Go Ex-Dividend on April 12th

BlackRock California Municipal Income Trust (NYSE:BFZGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be given a dividend of 0.051 per share on Wednesday, May 1st. This represents a $0.61 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock California Municipal Income Trust Trading Down 0.7 %

NYSE:BFZ traded down $0.08 during mid-day trading on Wednesday, hitting $11.75. 25,360 shares of the company’s stock were exchanged, compared to its average volume of 56,818. BlackRock California Municipal Income Trust has a one year low of $9.86 and a one year high of $12.31. The business has a fifty day moving average price of $11.80 and a 200 day moving average price of $11.28.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. purchased 40,094 shares of BlackRock California Municipal Income Trust stock in a transaction dated Thursday, March 28th. The stock was purchased at an average cost of $11.82 per share, for a total transaction of $473,911.08. Following the completion of the acquisition, the insider now directly owns 5,225,100 shares of the company’s stock, valued at $61,760,682. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have purchased 113,888 shares of company stock valued at $1,347,604.

Hedge Funds Weigh In On BlackRock California Municipal Income Trust

A number of hedge funds have recently bought and sold shares of BFZ. Woodline Partners LP boosted its holdings in BlackRock California Municipal Income Trust by 1,207.5% in the second quarter. Woodline Partners LP now owns 202,382 shares of the company’s stock worth $2,400,000 after purchasing an additional 186,904 shares during the last quarter. UBS Group AG increased its position in BlackRock California Municipal Income Trust by 102.5% during the fourth quarter. UBS Group AG now owns 141,776 shares of the company’s stock valued at $1,706,000 after acquiring an additional 71,776 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in BlackRock California Municipal Income Trust by 2.8% in the second quarter. Rockefeller Capital Management L.P. now owns 125,101 shares of the company’s stock valued at $1,484,000 after acquiring an additional 3,446 shares during the period. SkyView Investment Advisors LLC purchased a new position in BlackRock California Municipal Income Trust in the first quarter worth about $585,000. Finally, Cetera Investment Advisers grew its stake in shares of BlackRock California Municipal Income Trust by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 38,317 shares of the company’s stock valued at $448,000 after purchasing an additional 2,081 shares during the period.

About BlackRock California Municipal Income Trust

(Get Free Report)

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.

See Also

Dividend History for BlackRock California Municipal Income Trust (NYSE:BFZ)

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