BlackRock California Municipal Income Trust $BFZ Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its stake in BlackRock California Municipal Income Trust (NYSE:BFZ) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,003 shares of the company’s stock after selling 2,196 shares during the quarter. D.A. Davidson & CO.’s holdings in BlackRock California Municipal Income Trust were worth $346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elequin Capital LP lifted its holdings in shares of BlackRock California Municipal Income Trust by 47.1% during the 1st quarter. Elequin Capital LP now owns 6,866 shares of the company’s stock valued at $75,000 after acquiring an additional 2,200 shares in the last quarter. Shufro Rose & Co. LLC acquired a new position in shares of BlackRock California Municipal Income Trust during the 1st quarter valued at $110,000. Cetera Investment Advisers acquired a new position in shares of BlackRock California Municipal Income Trust during the 1st quarter valued at $569,000. Cypress Wealth Services LLC purchased a new stake in BlackRock California Municipal Income Trust during the 2nd quarter worth $586,000. Finally, Wolverine Asset Management LLC increased its stake in BlackRock California Municipal Income Trust by 162.0% during the 1st quarter. Wolverine Asset Management LLC now owns 89,271 shares of the company’s stock worth $980,000 after buying an additional 55,201 shares during the period.

Insider Buying and Selling at BlackRock California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 23,604 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $10.95, for a total value of $258,463.80. Following the completion of the sale, the insider owned 2,997,865 shares of the company’s stock, valued at approximately $32,826,621.75. The trade was a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 1,129,053 shares of company stock valued at $11,960,772.

BlackRock California Municipal Income Trust Stock Down 0.2%

BlackRock California Municipal Income Trust stock opened at $10.95 on Friday. BlackRock California Municipal Income Trust has a 12-month low of $10.17 and a 12-month high of $11.89. The firm’s fifty day moving average price is $10.80 and its 200 day moving average price is $10.73.

BlackRock California Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a dividend of $0.059 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.5%.

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.