Advisors Asset Management Inc. Has $591,000 Stock Holdings in Eaton Vance California Municipal Income Trust (NYSE:CEV)

Advisors Asset Management Inc. boosted its stake in Eaton Vance California Municipal Income Trust (NYSE:CEV) by 30.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,396 shares of the company’s stock after purchasing an additional 12,695 shares during the quarter. Advisors Asset Management Inc. owned about 0.77% of Eaton Vance California Municipal Income Trust worth $591,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CEV. Wolverine Asset Management LLC acquired a new position in shares of Eaton Vance California Municipal Income Trust during the third quarter valued at about $183,000. Sanctuary Advisors LLC acquired a new position in shares of Eaton Vance California Municipal Income Trust during the second quarter valued at about $328,000. Cypress Wealth Services LLC grew its holdings in shares of Eaton Vance California Municipal Income Trust by 73.8% during the third quarter. Cypress Wealth Services LLC now owns 55,454 shares of the company’s stock valued at $603,000 after buying an additional 23,539 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Eaton Vance California Municipal Income Trust by 37.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 174,143 shares of the company’s stock valued at $1,895,000 after buying an additional 47,514 shares during the last quarter. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Eaton Vance California Municipal Income Trust Trading Up 1.6 %

Shares of NYSE CEV opened at $10.62 on Thursday. The company has a 50-day moving average price of $10.62 and a 200-day moving average price of $10.81. Eaton Vance California Municipal Income Trust has a 1 year low of $9.80 and a 1 year high of $11.29.

Eaton Vance California Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were issued a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Friday, November 8th.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 11,503 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $11.02, for a total transaction of $126,763.06. Following the transaction, the insider now directly owns 927,044 shares of the company’s stock, valued at $10,216,024.88. This trade represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 188,134 shares of company stock worth $2,046,247 over the last three months.

About Eaton Vance California Municipal Income Trust

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.