BlackRock California Municipal Income Trust (NYSE:BFZ) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its holdings in BlackRock California Municipal Income Trust (NYSE:BFZ) by 12.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 214,060 shares of the company’s stock after selling 31,014 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock California Municipal Income Trust were worth $2,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Trilogy Capital Inc. grew its stake in BlackRock California Municipal Income Trust by 1.3% during the 4th quarter. Trilogy Capital Inc. now owns 108,637 shares of the company’s stock valued at $1,217,000 after acquiring an additional 1,376 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of BlackRock California Municipal Income Trust during the 4th quarter worth approximately $118,000. Wolverine Asset Management LLC grew its position in shares of BlackRock California Municipal Income Trust by 33.3% in the fourth quarter. Wolverine Asset Management LLC now owns 34,070 shares of the company’s stock valued at $382,000 after purchasing an additional 8,505 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BlackRock California Municipal Income Trust in the fourth quarter valued at approximately $529,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of BlackRock California Municipal Income Trust by 4.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 22,902 shares of the company’s stock valued at $257,000 after purchasing an additional 1,037 shares during the last quarter.

Insider Transactions at BlackRock California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. purchased 50,569 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was acquired at an average price of $10.23 per share, with a total value of $517,320.87. Following the purchase, the insider now directly owns 4,802,929 shares in the company, valued at approximately $49,133,963.67. This represents a 1.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

BlackRock California Municipal Income Trust Trading Up 0.8%

Shares of BlackRock California Municipal Income Trust stock opened at $11.04 on Thursday. The business’s 50 day moving average price is $10.73 and its 200 day moving average price is $11.13. BlackRock California Municipal Income Trust has a one year low of $10.17 and a one year high of $12.23.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.059 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, June 13th.

BlackRock California Municipal Income Trust Profile

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.