Hennion & Walsh Asset Management Inc. Sells 14,984 Shares of BlackRock California Municipal Income Trust (NYSE:BFZ)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,074 shares of the company’s stock after selling 14,984 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock California Municipal Income Trust were worth $2,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Advisors Asset Management Inc. lifted its position in BlackRock California Municipal Income Trust by 3.8% during the third quarter. Advisors Asset Management Inc. now owns 463,700 shares of the company’s stock valued at $5,606,000 after purchasing an additional 17,144 shares in the last quarter. Trilogy Capital Inc. raised its stake in shares of BlackRock California Municipal Income Trust by 292.8% in the third quarter. Trilogy Capital Inc. now owns 107,261 shares of the company’s stock worth $1,297,000 after buying an additional 79,952 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of BlackRock California Municipal Income Trust during the 2nd quarter valued at about $509,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock California Municipal Income Trust during the 3rd quarter valued at approximately $309,000. Finally, Cypress Wealth Services LLC purchased a new stake in BlackRock California Municipal Income Trust in the 3rd quarter worth approximately $250,000.

Insider Activity at BlackRock California Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 6,313 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $11.89, for a total transaction of $75,061.57. Following the completion of the sale, the insider now owns 5,233,255 shares in the company, valued at approximately $62,223,401.95. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BlackRock California Municipal Income Trust Stock Performance

NYSE BFZ opened at $11.28 on Friday. BlackRock California Municipal Income Trust has a 12 month low of $11.10 and a 12 month high of $12.23. The company’s 50 day moving average is $11.50 and its two-hundred day moving average is $11.81.

BlackRock California Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.059 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.71 annualized dividend and a dividend yield of 6.28%.

About BlackRock California Municipal Income Trust

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.