Advisors Asset Management Inc. Has $5.63 Million Stock Holdings in BlackRock California Municipal Income Trust (NYSE:BFZ)

Advisors Asset Management Inc. increased its position in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) by 10.6% during the 1st quarter, HoldingsChannel reports. The fund owned 476,270 shares of the company’s stock after purchasing an additional 45,611 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock California Municipal Income Trust were worth $5,630,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Karpus Management Inc. acquired a new position in BlackRock California Municipal Income Trust in the fourth quarter valued at about $561,000. Raymond James & Associates increased its holdings in shares of BlackRock California Municipal Income Trust by 146.4% in the fourth quarter. Raymond James & Associates now owns 46,279 shares of the company’s stock worth $557,000 after acquiring an additional 27,500 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in shares of BlackRock California Municipal Income Trust in the first quarter worth about $479,000. Napa Wealth Management bought a new stake in shares of BlackRock California Municipal Income Trust in the fourth quarter worth about $380,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of BlackRock California Municipal Income Trust in the fourth quarter worth about $33,000.

BlackRock California Municipal Income Trust Stock Up 0.2 %

Shares of BlackRock California Municipal Income Trust stock traded up $0.03 during trading hours on Friday, hitting $12.01. The company’s stock had a trading volume of 55,183 shares, compared to its average volume of 62,391. BlackRock California Municipal Income Trust has a 12 month low of $9.86 and a 12 month high of $12.31. The stock has a 50 day moving average of $11.91 and a 200 day moving average of $11.80.

BlackRock California Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be issued a $0.059 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.71 annualized dividend and a dividend yield of 5.90%.

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.