Eaton Vance California Municipal Income Trust (NYSE:CEV) Shares Down 0.3% – Should You Sell?

Eaton Vance California Municipal Income Trust (NYSE:CEV) fell 0.3% during mid-day trading on Tuesday . The company traded as low as $10.19 and last traded at $10.16. 11,500 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 37,307 shares. The stock had previously closed at $10.19.

Eaton Vance California Municipal Income Trust Price Performance

The business has a 50-day simple moving average of $9.84 and a 200-day simple moving average of $9.71.

Eaton Vance California Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Eaton Vance California Municipal Income Trust in the second quarter worth $52,000. Osaic Holdings Inc. grew its stake in shares of Eaton Vance California Municipal Income Trust by 400.0% in the second quarter. Osaic Holdings Inc. now owns 10,000 shares of the company’s stock worth $97,000 after acquiring an additional 8,000 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Eaton Vance California Municipal Income Trust in the first quarter worth $126,000. Plancorp LLC acquired a new position in shares of Eaton Vance California Municipal Income Trust in the first quarter worth $200,000. Finally, Raymond James Financial Inc. grew its stake in shares of Eaton Vance California Municipal Income Trust by 7.5% in the second quarter. Raymond James Financial Inc. now owns 51,580 shares of the company’s stock worth $500,000 after acquiring an additional 3,606 shares in the last quarter. Institutional investors and hedge funds own 35.88% of the company’s stock.

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.