Eaton Vance California Municipal Income Trust (NYSE:CEV) Trading Down 0.2% - Here's Why

Eaton Vance California Municipal Income Trust (NYSE:CEV - Get Free Report)'s share price traded down 0.2% during trading on Monday . The company traded as low as $9.64 and last traded at $9.69. 36,406 shares changed hands during trading, an increase of 13% from the average session volume of 32,158 shares. The stock had previously closed at $9.71.

Eaton Vance California Municipal Income Trust Trading Down 0.2%

The stock has a fifty day moving average of $9.67 and a 200 day moving average of $9.91.

Eaton Vance California Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Friday, July 11th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Friday, July 11th.

Institutional Trading of Eaton Vance California Municipal Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Plancorp LLC purchased a new stake in shares of Eaton Vance California Municipal Income Trust in the first quarter valued at approximately $200,000. Almitas Capital LLC increased its position in shares of Eaton Vance California Municipal Income Trust by 41.1% during the first quarter. Almitas Capital LLC now owns 61,330 shares of the company's stock worth $615,000 after purchasing an additional 17,865 shares in the last quarter. Royal Bank of Canada increased its position in shares of Eaton Vance California Municipal Income Trust by 2.9% during the first quarter. Royal Bank of Canada now owns 57,933 shares of the company's stock worth $581,000 after purchasing an additional 1,630 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Eaton Vance California Municipal Income Trust during the first quarter worth approximately $126,000. Finally, Wolverine Asset Management LLC increased its position in shares of Eaton Vance California Municipal Income Trust by 59.8% during the first quarter. Wolverine Asset Management LLC now owns 95,569 shares of the company's stock worth $958,000 after purchasing an additional 35,757 shares in the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Eaton Vance California Municipal Income Trust Company Profile

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.

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