Raymond James & Associates Has $557,000 Position in BlackRock California Municipal Income Trust (NYSE:BFZ)

Raymond James & Associates grew its position in BlackRock California Municipal Income Trust (NYSE:BFZ) by 146.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 46,279 shares of the company’s stock after buying an additional 27,500 shares during the period. Raymond James & Associates’ holdings in BlackRock California Municipal Income Trust were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Miracle Mile Advisors LLC lifted its stake in BlackRock California Municipal Income Trust by 18.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 13,000 shares of the company’s stock valued at $134,000 after purchasing an additional 2,000 shares during the last quarter. Clough Capital Partners L P boosted its stake in shares of BlackRock California Municipal Income Trust by 175.5% during the 3rd quarter. Clough Capital Partners L P now owns 34,536 shares of the company’s stock worth $355,000 after acquiring an additional 22,000 shares during the period. Robinson Capital Management LLC acquired a new position in shares of BlackRock California Municipal Income Trust during the 3rd quarter worth approximately $655,000. Oder Investment Management LLC raised its stake in BlackRock California Municipal Income Trust by 2.4% in the 3rd quarter. Oder Investment Management LLC now owns 122,120 shares of the company’s stock valued at $1,257,000 after acquiring an additional 2,820 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in BlackRock California Municipal Income Trust by 6.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 358,458 shares of the company’s stock valued at $3,689,000 after purchasing an additional 21,799 shares during the last quarter.

BlackRock California Municipal Income Trust Trading Down 0.5 %

NYSE:BFZ opened at $11.52 on Friday. The firm’s fifty day moving average price is $11.75 and its two-hundred day moving average price is $11.41. BlackRock California Municipal Income Trust has a one year low of $9.86 and a one year high of $12.31.

BlackRock California Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.051 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.61 dividend on an annualized basis and a yield of 5.31%.

Insider Activity at BlackRock California Municipal Income Trust

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 18,568 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $11.21, for a total transaction of $208,147.28. Following the completion of the sale, the insider now directly owns 3,148,234 shares in the company, valued at $35,291,703.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have purchased 119,997 shares of company stock worth $1,419,446.

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.