Jane Street Group LLC Purchases New Shares in BlackRock California Municipal Income Trust (NYSE:BFZ)

Jane Street Group LLC purchased a new position in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,281 shares of the company’s stock, valued at approximately $138,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC acquired a new position in shares of BlackRock California Municipal Income Trust during the fourth quarter worth approximately $118,000. Landscape Capital Management L.L.C. bought a new position in BlackRock California Municipal Income Trust in the 4th quarter worth approximately $147,000. Commonwealth Equity Services LLC raised its position in BlackRock California Municipal Income Trust by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 22,902 shares of the company’s stock worth $257,000 after purchasing an additional 1,037 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings 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 worth $382,000 after buying an additional 8,505 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of BlackRock California Municipal Income Trust in the 4th quarter valued at $529,000.

BlackRock California Municipal Income Trust Stock Performance

BFZ stock opened at $10.97 on Friday. BlackRock California Municipal Income Trust has a twelve month low of $10.17 and a twelve month high of $12.23. The business has a fifty day moving average of $10.73 and a 200-day moving average of $11.12.

BlackRock California Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a $0.059 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.71 dividend on an annualized basis and a yield of 6.46%.

Insider Activity

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. bought 50,569 shares of BlackRock California Municipal Income Trust stock in a transaction dated Friday, April 11th. The shares were bought at an average price of $10.23 per share, with a total value of $517,320.87. Following the purchase, the insider now owns 4,802,929 shares of the company’s stock, valued at $49,133,963.67. This trade represents a 1.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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.