Cetera Investment Advisers Takes Position in BlackRock California Municipal Income Trust (NYSE:BFZ)

Cetera Investment Advisers acquired a new position in BlackRock California Municipal Income Trust (NYSE:BFZ) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 51,800 shares of the company’s stock, valued at approximately $569,000.

Several other institutional investors have also added to or reduced their stakes in BFZ. Elequin Capital LP purchased a new stake in BlackRock California Municipal Income Trust during the 4th quarter valued at about $52,000. Jane Street Group LLC bought a new stake in shares of BlackRock California Municipal Income Trust during the fourth quarter valued at approximately $138,000. Nomura Holdings Inc. bought a new stake in shares of BlackRock California Municipal Income Trust during the fourth quarter valued at approximately $150,000. Farther Finance Advisors LLC grew its holdings in shares of BlackRock California Municipal Income Trust by 8.0% in the first quarter. Farther Finance Advisors LLC now owns 15,206 shares of the company’s stock valued at $169,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of BlackRock California Municipal Income Trust by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 21,144 shares of the company’s stock valued at $232,000 after purchasing an additional 10,572 shares in the last quarter.

BlackRock California Municipal Income Trust Stock Down 0.5%

NYSE BFZ opened at $10.50 on Friday. BlackRock California Municipal Income Trust has a 52 week low of $10.17 and a 52 week high of $12.23. The company has a fifty day moving average of $10.67 and a two-hundred day moving average of $10.86.

BlackRock California Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.059 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Friday, August 15th.

Insider Buying and Selling at BlackRock California Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 51,268 shares of BlackRock California Municipal Income Trust stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $10.59, for a total value of $542,928.12. Following the completion of the sale, the insider directly owned 3,829,150 shares in the company, valued at $40,550,698.50. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 1,014,697 shares of company stock valued at $10,738,193 in the last ninety days.

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.