Eaton Vance California Municipal Income Trust (NYSE:CEV) Trading 0.4% Higher

Eaton Vance California Municipal Income Trust (NYSE:CEV) shares shot up 0.4% on Monday . The company traded as high as $10.41 and last traded at $10.39. 8,744 shares were traded during mid-day trading, a decline of 54% from the average session volume of 18,909 shares. The stock had previously closed at $10.35.

Eaton Vance California Municipal Income Trust Stock Performance

The company has a fifty day simple moving average of $10.46 and a 200-day simple moving average of $10.17.

Eaton Vance California Municipal Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 11th were given a dividend of $0.0434 per share. This represents a $0.52 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Wednesday, April 10th.

Institutional Trading of Eaton Vance California Municipal Income Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its stake in shares of Eaton Vance California Municipal Income Trust by 11.5% during the 4th quarter. Raymond James & Associates now owns 23,079 shares of the company’s stock worth $239,000 after acquiring an additional 2,379 shares in the last quarter. Whittier Trust Co. boosted its position in Eaton Vance California Municipal Income Trust by 141.3% during the fourth quarter. Whittier Trust Co. now owns 6,852 shares of the company’s stock worth $71,000 after purchasing an additional 4,012 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in Eaton Vance California Municipal Income Trust by 65.8% during the first quarter. Blue Bell Private Wealth Management LLC now owns 17,881 shares of the company’s stock valued at $190,000 after purchasing an additional 7,096 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Eaton Vance California Municipal Income Trust by 50.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 30,000 shares of the company’s stock valued at $310,000 after purchasing an additional 10,000 shares during the period. Finally, Fort Point Capital Partners LLC acquired a new stake in shares of Eaton Vance California Municipal Income Trust in the third quarter worth $191,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

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.