Guggenheim Capital LLC Has $5.93 Million Stock Position in BlackRock California Municipal Income Trust (NYSE:BFZ)

Guggenheim Capital LLC lessened its holdings in BlackRock California Municipal Income Trust (NYSE:BFZ) by 18.6% during the fourth quarter, HoldingsChannel reports. The fund owned 529,491 shares of the company’s stock after selling 120,758 shares during the quarter. Guggenheim Capital LLC’s holdings in BlackRock California Municipal Income Trust were worth $5,930,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of BlackRock California Municipal Income Trust in the fourth quarter worth approximately $529,000. Landscape Capital Management L.L.C. bought a new stake in BlackRock California Municipal Income Trust during the fourth quarter worth $147,000. Atala Financial Inc purchased a new stake in BlackRock California Municipal Income Trust in the 4th quarter valued at $1,068,000. Commonwealth Equity Services LLC lifted its stake in BlackRock California Municipal Income Trust by 4.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,902 shares of the company’s stock valued at $257,000 after acquiring an additional 1,037 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in BlackRock California Municipal Income Trust by 33.3% during the 4th quarter. Wolverine Asset Management LLC now owns 34,070 shares of the company’s stock valued at $382,000 after acquiring an additional 8,505 shares in the last quarter.

BlackRock California Municipal Income Trust Trading Up 0.6 %

NYSE BFZ opened at $10.46 on Friday. The company has a fifty day moving average price of $11.03 and a 200-day moving average price of $11.40. BlackRock California Municipal Income Trust has a 1 year low of $10.17 and a 1 year high of $12.23.

BlackRock California Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.059 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date is Tuesday, April 15th.

Insider Buying and Selling at BlackRock California Municipal Income Trust

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 103,231 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $11.17, for a total value of $1,153,090.27. Following the completion of the transaction, the insider now owns 5,026,079 shares in the company, valued at $56,141,302.43. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 280,937 shares of company stock worth $3,162,753.

About BlackRock California Municipal Income Trust

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.