Eaton Vance California Municipal Income Trust (NYSE:CEV) Trading Down 1.4%

Eaton Vance California Municipal Income Trust (NYSE:CEV – Get Rating) shares were down 1.4% during mid-day trading on Wednesday . The company traded as low as $9.71 and last traded at $9.72. Approximately 13,445 shares were traded during trading, a decline of 23% from the average daily volume of 17,413 shares. The stock had previously closed at $9.86.

Eaton Vance California Municipal Income Trust Trading Up 0.2 %

The business has a 50-day moving average of $10.06 and a 200-day moving average of $10.06.

Eaton Vance California Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 18th. Investors of record on Thursday, May 11th were given a dividend of $0.0371 per share. The ex-dividend date was Wednesday, May 10th. This represents a $0.45 dividend on an annualized basis and a yield of 4.55%.

Institutional Trading of Eaton Vance California Municipal Income Trust

Institutional investors have recently bought and sold shares of the company. Melfa Wealth Management LLC acquired a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter worth about $201,000. Wolverine Asset Management LLC lifted its position in shares of Eaton Vance California Municipal Income Trust by 369.3% in the fourth quarter. Wolverine Asset Management LLC now owns 36,970 shares of the company’s stock worth $369,000 after buying an additional 29,093 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter worth about $45,000. UBS Group AG lifted its position in shares of Eaton Vance California Municipal Income Trust by 12.3% in the fourth quarter. UBS Group AG now owns 25,999 shares of the company’s stock worth $259,000 after buying an additional 2,841 shares during the last quarter. Finally, Raymond James & Associates acquired a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter worth about $162,000. Institutional investors and hedge funds own 19.37% of the company’s stock.

About Eaton Vance California Municipal Income Trust

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Eaton Vance California Municipal Income Trust operates as a closed-end investment fund. It seeks current income exempt from regular federal income tax and California state personal income taxes. The company was founded on January 29, 1999 and is headquartered in Boston, MA.