Atala Financial Inc Makes New $1.07 Million Investment in BlackRock California Municipal Income Trust (NYSE:BFZ)

Atala Financial Inc bought a new stake in BlackRock California Municipal Income Trust (NYSE:BFZ) in the 4th quarter, HoldingsChannel.com reports. The firm bought 95,353 shares of the company’s stock, valued at approximately $1,068,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its holdings in BlackRock California Municipal Income Trust by 3.8% in the third quarter. Advisors Asset Management Inc. now owns 463,700 shares of the company’s stock valued at $5,606,000 after buying an additional 17,144 shares in the last quarter. Trilogy Capital Inc. grew its position in shares of BlackRock California Municipal Income Trust by 1.3% during the 4th quarter. Trilogy Capital Inc. now owns 108,637 shares of the company’s stock valued at $1,217,000 after acquiring an additional 1,376 shares during the period. Raymond James Financial Inc. purchased a new position in shares of BlackRock California Municipal Income Trust in the 4th quarter valued at about $529,000. Absolute Investment Advisers LLC acquired a new position in BlackRock California Municipal Income Trust in the 4th quarter worth about $387,000. Finally, Wolverine Asset Management LLC boosted its position in BlackRock California Municipal Income Trust by 33.3% during the fourth quarter. Wolverine Asset Management LLC now owns 34,070 shares of the company’s stock worth $382,000 after purchasing an additional 8,505 shares in the last quarter.

BlackRock California Municipal Income Trust Stock Performance

BlackRock California Municipal Income Trust stock opened at $11.10 on Friday. The business has a 50 day simple moving average of $11.30 and a 200-day simple moving average of $11.62. BlackRock California Municipal Income Trust has a 12 month low of $11.08 and a 12 month high of $12.23.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.059 per share. This represents a $0.71 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Friday, March 14th.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 39,580 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $11.32, for a total value of $448,045.60. Following the transaction, the insider now owns 5,160,508 shares in the company, valued at $58,416,950.56. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 280,937 shares of company stock worth $3,162,753 over the last 90 days.

BlackRock California Municipal Income Trust 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.