BlackRock California Municipal Income Trust (NYSE:BFZ) Major Shareholder Saba Capital Management, L.P. Sells 13,200 Shares

BlackRock California Municipal Income Trust (NYSE:BFZGet Free Report) major shareholder Saba Capital Management, L.P. sold 13,200 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $11.36, for a total transaction of $149,952.00. Following the transaction, the insider now directly owns 4,752,360 shares in the company, valued at $53,986,809.60. This trade represents a 0.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Monday, February 10th, Saba Capital Management, L.P. sold 5,404 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $11.34, for a total transaction of $61,281.36.
  • On Friday, February 7th, Saba Capital Management, L.P. sold 1,400 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $11.32, for a total value of $15,848.00.
  • On Wednesday, February 5th, Saba Capital Management, L.P. sold 58,256 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $11.34, for a total value of $660,623.04.
  • On Monday, February 3rd, Saba Capital Management, L.P. sold 7,951 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $11.29, for a total value of $89,766.79.
  • On Friday, January 31st, Saba Capital Management, L.P. sold 20,717 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $11.27, for a total value of $233,480.59.
  • On Wednesday, January 29th, Saba Capital Management, L.P. sold 103,231 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $11.17, for a total transaction of $1,153,090.27.
  • On Monday, January 27th, Saba Capital Management, L.P. sold 31,198 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $11.24, for a total transaction of $350,665.52.
  • On Wednesday, January 22nd, Saba Capital Management, L.P. sold 39,580 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $11.32, for a total transaction of $448,045.60.

BlackRock California Municipal Income Trust Stock Performance

Shares of BFZ opened at $11.34 on Tuesday. The company has a 50-day moving average price of $11.30 and a two-hundred day moving average price of $11.67. BlackRock California Municipal Income Trust has a 12 month low of $11.10 and a 12 month high of $12.23.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.059 per share. The ex-dividend date is Friday, February 14th. This represents a $0.71 annualized dividend and a dividend yield of 6.25%.

Institutional Trading of BlackRock California Municipal Income Trust

Several institutional investors have recently bought and sold shares of BFZ. Farther Finance Advisors LLC bought a new position in shares of BlackRock California Municipal Income Trust during the third quarter valued at $170,000. Golden State Wealth Management LLC acquired a new stake in shares of BlackRock California Municipal Income Trust during the 4th quarter worth about $118,000. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock California Municipal Income Trust during the 3rd quarter worth about $309,000. Trilogy Capital Inc. lifted its holdings in BlackRock California Municipal Income Trust by 1.3% during the 4th quarter. Trilogy Capital Inc. now owns 108,637 shares of the company’s stock valued at $1,217,000 after purchasing an additional 1,376 shares during the last quarter. Finally, Absolute Investment Advisers LLC acquired a new position in BlackRock California Municipal Income Trust in the fourth quarter valued at about $387,000.

BlackRock California Municipal Income Trust Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for BlackRock California Municipal Income Trust (NYSE:BFZ)

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