Eaton Vance California Municipal Income Trust (NYSE:CEV – Get Free Report) major shareholder Saba Capital Management, L.P. sold 23,665 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $11.03, for a total transaction of $261,024.95. Following the transaction, the insider now directly owns 938,547 shares in the company, valued at approximately $10,352,173.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Eaton Vance California Municipal Income Trust Stock Performance
Shares of CEV traded down $0.01 on Monday, hitting $11.03. 13,172 shares of the stock traded hands, compared to its average volume of 17,613. The stock’s 50 day moving average is $11.01 and its two-hundred day moving average is $10.74. Eaton Vance California Municipal Income Trust has a 1 year low of $8.83 and a 1 year high of $11.29.
Eaton Vance California Municipal Income Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Friday, September 13th.
Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust
Eaton Vance California Municipal Income Trust Company Profile
Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.
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