Hennion & Walsh Asset Management Inc. Buys 16,133 Shares of Eaton Vance California Municipal Income Trust (NYSE:CEV)

Hennion & Walsh Asset Management Inc. boosted its stake in Eaton Vance California Municipal Income Trust (NYSE:CEV) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,276 shares of the company’s stock after acquiring an additional 16,133 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Eaton Vance California Municipal Income Trust were worth $2,068,000 at the end of the most recent quarter.

Separately, Cypress Wealth Services LLC lifted its position in shares of Eaton Vance California Municipal Income Trust by 73.8% in the 3rd quarter. Cypress Wealth Services LLC now owns 55,454 shares of the company’s stock worth $603,000 after purchasing an additional 23,539 shares during the period. 35.88% of the stock is owned by hedge funds and other institutional investors.

Eaton Vance California Municipal Income Trust Trading Up 1.0 %

CEV opened at $10.57 on Friday. Eaton Vance California Municipal Income Trust has a twelve month low of $8.83 and a twelve month high of $11.29. The company has a fifty day moving average of $10.85 and a 200-day moving average of $10.80.

Eaton Vance California Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend was Friday, October 11th.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 11,503 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $11.02, for a total transaction of $126,763.06. Following the completion of the sale, the insider now owns 927,044 shares of the company’s stock, valued at $10,216,024.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 188,134 shares of company stock valued at $2,046,247 in the last ninety days.

Eaton Vance California Municipal Income Trust Company 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.