Wolverine Asset Management LLC Grows Holdings in Eaton Vance California Municipal Income Trust (NYSE:CEV)

Key Points

• Wolverine Asset Management LLC increased its stake in Eaton Vance California Municipal Income Trust by 59.8%, owning 95,569 shares worth approximately $958,000 as of the latest SEC filing.
• Other institutional investors, such as Whipplewood Advisors LLC and Guggenheim Capital LLC, have also significantly increased their positions in Eaton Vance California Municipal Income Trust during recent quarters.
• Eaton Vance California Municipal Income Trust declared a monthly dividend of $0.05 per share, translating to an annualized dividend yield of 6.3%.

Wolverine Asset Management LLC lifted its position in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) by 59.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,569 shares of the company's stock after buying an additional 35,757 shares during the quarter. Wolverine Asset Management LLC owned about 1.36% of Eaton Vance California Municipal Income Trust worth $958,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in shares of Eaton Vance California Municipal Income Trust by 435.6% during the first quarter. Whipplewood Advisors LLC now owns 89,994 shares of the company's stock valued at $902,000 after buying an additional 73,190 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Eaton Vance California Municipal Income Trust during the fourth quarter valued at about $481,000. Guggenheim Capital LLC grew its holdings in shares of 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 valued at $1,710,000 after buying an additional 15,156 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 valued at about $151,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.

Eaton Vance California Municipal Income Trust Stock Down 0.2%

Shares of NYSE CEV traded down $0.02 during mid-day trading on Thursday, reaching $9.51. 45,897 shares of the company's stock traded hands, compared to its average volume of 33,812. The business has a 50-day simple moving average of $9.59 and a 200 day simple moving average of $9.81. Eaton Vance California Municipal Income Trust has a 1-year low of $9.31 and a 1-year high of $11.15.

Eaton Vance California Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 25th. Shareholders of record on Wednesday, August 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a c) annualized dividend and a yield of 6.3%.

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.