BlackRock California Municipal Income Trust (NYSE:BFZ) Shares Sold by Napa Wealth Management

Napa Wealth Management lessened its stake in BlackRock California Municipal Income Trust (NYSE:BFZ) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,658 shares of the company’s stock after selling 1,500 shares during the quarter. Napa Wealth Management’s holdings in BlackRock California Municipal Income Trust were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BFZ. Farther Finance Advisors LLC purchased a new stake in shares of BlackRock California Municipal Income Trust during the 3rd quarter worth about $170,000. B. Riley Wealth Advisors Inc. acquired a new position in BlackRock California Municipal Income Trust in the 1st quarter worth about $193,000. Cypress Wealth Services LLC purchased a new position in BlackRock California Municipal Income Trust during the third quarter worth approximately $250,000. Wolverine Asset Management LLC acquired a new stake in BlackRock California Municipal Income Trust in the third quarter valued at approximately $309,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of BlackRock California Municipal Income Trust in the second quarter valued at approximately $509,000.

BlackRock California Municipal Income Trust Stock Performance

NYSE:BFZ opened at $11.53 on Tuesday. BlackRock California Municipal Income Trust has a fifty-two week low of $10.89 and a fifty-two week high of $12.31. The company has a fifty day moving average of $11.95 and a two-hundred day moving average of $11.91.

BlackRock California Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.059 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.71 annualized dividend and a yield of 6.14%.

Insider Transactions at BlackRock California Municipal Income Trust

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $11.82, for a total value of $358,063.26. Following the transaction, the insider now directly owns 5,200,088 shares in the company, valued at $61,465,040.16. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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.