Cypress Wealth Services LLC Makes New Investment in Eaton Vance California Municipal Income Trust $CEV

Key Points

• Cypress Wealth Services LLC has acquired 54,810 shares of Eaton Vance California Municipal Income Trust, valued at approximately $531,000, during the 2nd quarter.
• The company announced a monthly dividend of $0.05 per share, which will be paid on October 23rd, with a dividend yield of 5.8%.
• Several institutional investors have recently increased their stakes in Eaton Vance California Municipal Income Trust, contributing to a cumulative ownership of 35.88% of the company's stock.

Cypress Wealth Services LLC purchased a new position in Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 54,810 shares of the company's stock, valued at approximately $531,000. Cypress Wealth Services LLC owned about 0.78% of Eaton Vance California Municipal Income Trust as of its most recent SEC filing.

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

Eaton Vance California Municipal Income Trust Trading Up 1.5%

Shares of CEV opened at $10.28 on Tuesday. The business's fifty day simple moving average is $9.77 and its two-hundred day simple moving average is $9.70. Eaton Vance California Municipal Income Trust has a 12 month low of $9.31 and a 12 month high of $10.85.

Eaton Vance California Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 14th will be issued a dividend of $0.05 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, October 14th.

Eaton Vance California Municipal Income Trust 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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