Logan Stone Capital LLC Cuts Stock Holdings in Eaton Vance California Municipal Income Trust (NYSE:CEV)

Logan Stone Capital LLC reduced its position in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,458 shares of the company’s stock after selling 29,099 shares during the period. Logan Stone Capital LLC’s holdings in Eaton Vance California Municipal Income Trust were worth $557,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter valued at approximately $481,000. Wolverine Asset Management LLC grew its position 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 valued at $601,000 after purchasing an additional 42,983 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter valued at approximately $169,000. Guggenheim Capital LLC grew its position in shares of Eaton Vance California Municipal Income Trust by 9.8% in the fourth quarter. Guggenheim Capital LLC now owns 170,344 shares of the company’s stock valued at $1,710,000 after purchasing an additional 15,156 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its position 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 valued at $243,000 after purchasing an additional 9,805 shares in the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Vance California Municipal Income Trust Stock Performance

CEV stock opened at $9.81 on Monday. The business has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $10.15. Eaton Vance California Municipal Income Trust has a 1 year low of $9.31 and a 1 year high of $11.29.

Eaton Vance California Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.12%.

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.