Saba Capital Management L.P. reduced its holdings in Eaton Vance California Municipal Income Trust (NYSE:CEV - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 638,737 shares of the company's stock after selling 144,008 shares during the period. Saba Capital Management L.P.'s holdings in Eaton Vance California Municipal Income Trust were worth $6,413,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new stake in Eaton Vance California Municipal Income Trust in the 4th quarter valued at about $32,000. Nomura Holdings Inc. purchased a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter valued at approximately $151,000. Whipplewood Advisors LLC acquired a new stake in shares of Eaton Vance California Municipal Income Trust in the fourth quarter valued at approximately $169,000. Wealthspire Advisors LLC lifted its position 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 in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Eaton Vance California Municipal Income Trust during the fourth quarter worth approximately $481,000. 35.88% of the stock is currently owned by institutional investors and hedge funds.
Eaton Vance California Municipal Income Trust Stock Performance
NYSE:CEV traded down $0.06 on Tuesday, hitting $9.73. The stock had a trading volume of 14,800 shares, compared to its average volume of 29,239. The company has a fifty day moving average price of $9.83 and a two-hundred day moving average price of $10.12. Eaton Vance California Municipal Income Trust has a 1-year low of $9.31 and a 1-year high of $11.29.
Eaton Vance California Municipal Income Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Tuesday, May 13th.
Eaton Vance California Municipal Income Trust Profile
(
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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