Saba Capital Management L.P. Cuts Holdings in Eaton Vance California Municipal Income Trust (NYSE:CEV)

Saba Capital Management L.P. reduced its stake in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,737 shares of the company's stock after selling 144,008 shares during the quarter. Saba Capital Management L.P.'s holdings in Eaton Vance California Municipal Income Trust were worth $6,413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolverine Asset Management LLC lifted its holdings in shares of Eaton Vance California Municipal Income Trust by 255.4% during the 4th quarter. Wolverine Asset Management LLC now owns 59,812 shares of the company's stock valued at $601,000 after purchasing an additional 42,983 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Eaton Vance California Municipal Income Trust by 68.1% in the 4th quarter. Wealthspire Advisors LLC now owns 24,196 shares of the company's stock valued at $243,000 after purchasing an additional 9,805 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Eaton Vance California Municipal Income Trust during the 4th quarter worth approximately $169,000. Noble Wealth Management PBC bought a new position in Eaton Vance California Municipal Income Trust during the fourth quarter worth $32,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Eaton Vance California Municipal Income Trust during the 4th quarter worth about $481,000. 35.88% of the stock is owned by institutional investors and hedge funds.

Eaton Vance California Municipal Income Trust Trading Down 0.4%

Shares of CEV stock traded down $0.04 on Thursday, hitting $9.58. The company's stock had a trading volume of 11,918 shares, compared to its average volume of 29,241. The stock's 50 day moving average is $9.81 and its 200-day moving average is $10.11. Eaton Vance California Municipal Income Trust has a fifty-two week low of $9.31 and a fifty-two week high of $11.29.

Eaton Vance California Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 23rd. Investors of record on Tuesday, May 13th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a yield of 6.26%. The ex-dividend date is Tuesday, May 13th.

About Eaton Vance California Municipal Income Trust

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.