Almitas Capital LLC Cuts Stock Position in BlackRock California Municipal Income Trust (NYSE:BFZ)

Almitas Capital LLC lowered its holdings in BlackRock California Municipal Income Trust (NYSE:BFZ) by 64.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,065 shares of the company’s stock after selling 298,640 shares during the period. Almitas Capital LLC’s holdings in BlackRock California Municipal Income Trust were worth $1,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of BFZ. Karpus Management Inc. purchased a new position in BlackRock California Municipal Income Trust in the fourth quarter worth $561,000. Napa Wealth Management purchased a new position in BlackRock California Municipal Income Trust in the fourth quarter worth $380,000. Sanders Morris Harris LLC purchased a new position in BlackRock California Municipal Income Trust in the first quarter worth $479,000. Advisors Asset Management Inc. boosted its position in BlackRock California Municipal Income Trust by 10.6% in the first quarter. Advisors Asset Management Inc. now owns 476,270 shares of the company’s stock worth $5,630,000 after purchasing an additional 45,611 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in BlackRock California Municipal Income Trust in the first quarter worth $193,000.

BlackRock California Municipal Income Trust Stock Up 0.4 %

Shares of NYSE BFZ opened at $12.07 on Friday. BlackRock California Municipal Income Trust has a one year low of $9.86 and a one year high of $12.31. The business’s fifty day moving average price is $11.98 and its 200-day moving average price is $11.87.

BlackRock California Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.059 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.87%.

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.