Raymond James Financial Inc. bought a new position in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 47,938 shares of the company's stock, valued at approximately $481,000.
Other institutional investors have also added to or reduced their stakes in the company. Wolverine Asset Management LLC boosted its holdings in shares of Eaton Vance California Municipal Income Trust by 255.4% in the 4th quarter. Wolverine Asset Management LLC now owns 59,812 shares of the company's stock worth $601,000 after purchasing an additional 42,983 shares during the period. Whipplewood Advisors LLC bought a new stake in Eaton Vance California Municipal Income Trust in the fourth quarter worth $169,000. Wealthspire Advisors LLC boosted its stake in Eaton Vance California Municipal Income Trust by 68.1% during the fourth quarter. Wealthspire Advisors LLC now owns 24,196 shares of the company's stock worth $243,000 after buying an additional 9,805 shares during the period. Finally, Noble Wealth Management PBC bought a new position in Eaton Vance California Municipal Income Trust during the fourth quarter valued at $32,000. 35.88% of the stock is owned by hedge funds and other institutional investors.
Eaton Vance California Municipal Income Trust Price Performance
Shares of CEV stock traded down $0.02 on Friday, reaching $9.81. 41,221 shares of the company's stock were exchanged, compared to its average volume of 28,814. The company's fifty day simple moving average is $9.88 and its 200 day simple moving average is $10.15. Eaton Vance California Municipal Income Trust has a 52 week low of $9.31 and a 52 week high of $11.29.
Eaton Vance California Municipal Income Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 annualized dividend and a dividend yield of 6.12%.
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.
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