BlackRock California Municipal Income Trust (NYSE:BFZ) Major Shareholder Purchases $113,939.28 in Stock

BlackRock California Municipal Income Trust (NYSE:BFZ) major shareholder Saba Capital Management, L.P. bought 10,434 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was purchased at an average price of $10.92 per share, for a total transaction of $113,939.28. Following the acquisition, the insider now directly owns 4,305,488 shares of the company’s stock, valued at approximately $47,015,928.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, September 12th, Saba Capital Management, L.P. bought 30,073 shares of BlackRock California Municipal Income Trust stock. The stock was purchased at an average price of $10.95 per share, for a total transaction of $329,299.35.

BlackRock California Municipal Income Trust Trading Up 0.3 %

NYSE BFZ opened at $10.85 on Tuesday. BlackRock California Municipal Income Trust has a 1 year low of $10.03 and a 1 year high of $12.10. The business has a 50-day simple moving average of $11.37.

BlackRock California Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.039 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.47 annualized dividend and a dividend yield of 4.31%.

Institutional Trading of BlackRock California Municipal Income Trust

Large investors have recently modified their holdings of the business. Cetera Investment Advisers lifted its stake in BlackRock California Municipal Income Trust by 5.7% in the first quarter. Cetera Investment Advisers now owns 38,317 shares of the company’s stock worth $448,000 after acquiring an additional 2,081 shares during the period. Rockefeller Capital Management L.P. lifted its stake in BlackRock California Municipal Income Trust by 2.8% in the second quarter. Rockefeller Capital Management L.P. now owns 125,101 shares of the company’s stock worth $1,484,000 after acquiring an additional 3,446 shares during the period. Stifel Financial Corp lifted its stake in BlackRock California Municipal Income Trust by 31.4% in the first quarter. Stifel Financial Corp now owns 26,659 shares of the company’s stock worth $312,000 after acquiring an additional 6,374 shares during the period. LPL Financial LLC boosted its position in BlackRock California Municipal Income Trust by 24.1% during the 2nd quarter. LPL Financial LLC now owns 42,342 shares of the company’s stock valued at $502,000 after acquiring an additional 8,211 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new stake in BlackRock California Municipal Income Trust during the 1st quarter valued at approximately $117,000.

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.