Advisors Asset Management Inc. Increases Position in BlackRock California Municipal Income Trust (NYSE:BFZ)

Advisors Asset Management Inc. lifted its holdings in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 476,270 shares of the company’s stock after acquiring an additional 45,611 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock California Municipal Income Trust were worth $5,630,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of BFZ. Karpus Management Inc. purchased a new stake in shares of BlackRock California Municipal Income Trust during the fourth quarter worth about $561,000. Sanders Morris Harris LLC purchased a new stake in shares of BlackRock California Municipal Income Trust during the first quarter worth about $479,000. Napa Wealth Management purchased a new stake in shares of BlackRock California Municipal Income Trust during the fourth quarter worth about $380,000. Raymond James & Associates increased its position in shares of BlackRock California Municipal Income Trust by 146.4% during the fourth quarter. Raymond James & Associates now owns 46,279 shares of the company’s stock worth $557,000 after acquiring an additional 27,500 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC purchased a new stake in shares of BlackRock California Municipal Income Trust during the fourth quarter worth about $33,000.

BlackRock California Municipal Income Trust Stock Up 0.2 %

Shares of NYSE BFZ traded up $0.03 during midday trading on Friday, reaching $12.01. 55,183 shares of the company’s stock were exchanged, compared to its average volume of 62,391. BlackRock California Municipal Income Trust has a 52-week low of $9.86 and a 52-week high of $12.31. The business’s fifty day moving average price is $11.91 and its two-hundred day moving average price is $11.80.

BlackRock California Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a $0.059 dividend. This represents a $0.71 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend is Monday, July 15th.

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.