Whipplewood Advisors LLC increased its stake in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) by 435.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,994 shares of the company's stock after buying an additional 73,190 shares during the quarter. Whipplewood Advisors LLC's holdings in Eaton Vance California Municipal Income Trust were worth $902,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Eaton Vance California Municipal Income Trust in the 4th quarter worth about $481,000. Guggenheim Capital LLC grew its position in Eaton Vance California Municipal Income Trust by 9.8% in the 4th quarter. Guggenheim Capital LLC now owns 170,344 shares of the company's stock worth $1,710,000 after purchasing an additional 15,156 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter valued at approximately $32,000. Wolverine Asset Management LLC raised its holdings in shares of Eaton Vance California Municipal Income Trust by 255.4% during the fourth quarter. Wolverine Asset Management LLC now owns 59,812 shares of the company's stock valued at $601,000 after buying an additional 42,983 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Eaton Vance California Municipal Income Trust during the fourth quarter worth approximately $151,000. 35.88% of the stock is owned by institutional investors and hedge funds.
Eaton Vance California Municipal Income Trust Stock Performance
CEV stock traded up $0.01 on Thursday, reaching $9.63. The company's stock had a trading volume of 50,307 shares, compared to its average volume of 30,089. Eaton Vance California Municipal Income Trust has a 52 week low of $9.31 and a 52 week high of $11.29. The firm has a fifty day moving average of $9.71 and a two-hundred day moving average of $10.05.
Eaton Vance California Municipal Income Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Friday, June 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.23%.
About Eaton Vance California Municipal Income Trust
(
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.
Further Reading
Before you consider Eaton Vance California Municipal Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eaton Vance California Municipal Income Trust wasn't on the list.
While Eaton Vance California Municipal Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
