Shares of Eaton Vance California Municipal Income Trust (
NYSE:CEV -
Get Free Report) were up 0.4% on Monday . The stock traded as high as $10.02 and last traded at $10.01. Approximately 24,482 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 37,967 shares. The stock had previously closed at $9.97.
Eaton Vance California Municipal Income Trust Stock Up 0.4%
The firm has a fifty day moving average of $9.64 and a two-hundred day moving average of $9.70.
Eaton Vance California Municipal Income Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 12th were issued a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Friday, September 12th.
Hedge Funds Weigh In On Eaton Vance California Municipal Income Trust
A number of large investors have recently added to or reduced their stakes in CEV. Northwestern Mutual Wealth Management Co. bought a new position in Eaton Vance California Municipal Income Trust in the second quarter worth about $52,000. Osaic Holdings Inc. raised its holdings in Eaton Vance California Municipal Income Trust by 400.0% in the second quarter. Osaic Holdings Inc. now owns 10,000 shares of the company's stock worth $97,000 after purchasing an additional 8,000 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Eaton Vance California Municipal Income Trust in the first quarter worth about $126,000. Plancorp LLC bought a new position in Eaton Vance California Municipal Income Trust in the first quarter worth about $200,000. Finally, Raymond James Financial Inc. raised its holdings in Eaton Vance California Municipal Income Trust by 7.5% in the second quarter. Raymond James Financial Inc. now owns 51,580 shares of the company's stock worth $500,000 after purchasing an additional 3,606 shares in the last quarter. 35.88% of the stock is currently owned by institutional investors.
About Eaton Vance California Municipal Income Trust
(
Get Free Report)
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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