Almitas Capital LLC Has $436,000 Position in Eaton Vance California Municipal Income Trust (NYSE:CEV)

Almitas Capital LLC trimmed its holdings in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) by 54.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,465 shares of the company's stock after selling 51,401 shares during the period. Almitas Capital LLC's holdings in Eaton Vance California Municipal Income Trust were worth $436,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Guggenheim Capital LLC boosted its holdings in Eaton Vance California Municipal Income Trust by 9.8% during the fourth quarter. Guggenheim Capital LLC now owns 170,344 shares of the company's stock worth $1,710,000 after buying an additional 15,156 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Eaton Vance California Municipal Income Trust during the fourth quarter worth approximately $481,000. Noble Wealth Management PBC purchased a new position in shares of Eaton Vance California Municipal Income Trust in the 4th quarter valued at $32,000. Whipplewood Advisors LLC acquired a new position in Eaton Vance California Municipal Income Trust in the 4th quarter worth $169,000. Finally, Wealthspire Advisors LLC increased its position in shares of Eaton Vance California Municipal Income Trust by 68.1% in the 4th quarter. Wealthspire Advisors LLC now owns 24,196 shares of the company's stock worth $243,000 after purchasing an additional 9,805 shares during the last quarter. 35.88% of the stock is owned by institutional investors and hedge funds.

Eaton Vance California Municipal Income Trust Price Performance

NYSE CEV traded up $0.02 during trading hours on Wednesday, hitting $9.81. The company had a trading volume of 7,182 shares, compared to its average volume of 28,471. The business has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $10.17. Eaton Vance California Municipal Income Trust has a fifty-two week low of $9.31 and a fifty-two week high of $11.29.

Eaton Vance California Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.12%.

About Eaton Vance California Municipal Income Trust

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.