BlackRock California Municipal Income Trust (NYSE:BFZ) Holdings Decreased by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. cut its position in shares of BlackRock California Municipal Income Trust (NYSE:BFZFree Report) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,400 shares of the company’s stock after selling 2,000 shares during the period. Meridian Investment Counsel Inc.’s holdings in BlackRock California Municipal Income Trust were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in BlackRock California Municipal Income Trust during the 3rd quarter worth $170,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of BlackRock California Municipal Income Trust in the 1st quarter worth about $193,000. Cypress Wealth Services LLC acquired a new stake in shares of BlackRock California Municipal Income Trust in the 3rd quarter worth about $250,000. Wolverine Asset Management LLC bought a new stake in BlackRock California Municipal Income Trust in the 3rd quarter valued at about $309,000. Finally, Sanctuary Advisors LLC acquired a new position in BlackRock California Municipal Income Trust during the 2nd quarter valued at about $509,000.

Insiders Place Their Bets

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 30,293 shares of the company’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 completion of the sale, the insider now directly owns 5,200,088 shares of the company’s stock, valued at approximately $61,465,040.16. This represents a 0.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BlackRock California Municipal Income Trust Price Performance

Shares of BFZ stock opened at $11.55 on Friday. BlackRock California Municipal Income Trust has a 12-month low of $10.89 and a 12-month high of $12.31. The business has a 50 day simple moving average of $11.96 and a 200 day simple moving average of $11.91.

BlackRock California Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.059 per share. The ex-dividend date is Friday, November 15th. This represents a $0.71 annualized dividend and a yield of 6.13%.

BlackRock California Municipal Income Trust Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BFZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock California Municipal Income Trust (NYSE:BFZFree Report).

Institutional Ownership by Quarter for BlackRock California Municipal Income Trust (NYSE:BFZ)

Receive News & Ratings for BlackRock California Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock California Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.