Meridian Investment Counsel Inc. Sells 3,375 Shares of BlackRock California Municipal Income Trust (NYSE:BFZ)

Meridian Investment Counsel Inc. trimmed its position in BlackRock California Municipal Income Trust (NYSE:BFZ) by 7.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 43,400 shares of the company’s stock after selling 3,375 shares during the period. Meridian Investment Counsel Inc.’s holdings in BlackRock California Municipal Income Trust were worth $519,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new position in shares of BlackRock California Municipal Income Trust in the 1st quarter worth $193,000. Napa Wealth Management bought a new position in shares of BlackRock California Municipal Income Trust in the 4th quarter worth $380,000. Sanders Morris Harris LLC bought a new position in shares of BlackRock California Municipal Income Trust in the 1st quarter worth $479,000. Raymond James & Associates boosted its position in shares of BlackRock California Municipal Income Trust by 146.4% in the 4th quarter. Raymond James & Associates now owns 46,279 shares of the company’s stock worth $557,000 after purchasing an additional 27,500 shares during the last quarter. Finally, Karpus Management Inc. bought a new position in shares of BlackRock California Municipal Income Trust in the 4th quarter worth $561,000.

BlackRock California Municipal Income Trust Stock Down 0.1 %

Shares of NYSE:BFZ traded down $0.01 during midday trading on Monday, hitting $11.88. The company had a trading volume of 71,831 shares, compared to its average volume of 64,254. The firm has a fifty day simple moving average of $11.99 and a 200 day simple moving average of $11.83. BlackRock California Municipal Income Trust has a 12 month low of $9.86 and a 12 month high of $12.31.

BlackRock California Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.059 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.71 annualized dividend and a yield of 5.96%.

BlackRock California Municipal Income Trust Company 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.