Atala Financial Inc Invests $1.07 Million in BlackRock California Municipal Income Trust (NYSE:BFZ)

Atala Financial Inc bought a new stake in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 95,353 shares of the company’s stock, valued at approximately $1,068,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BFZ. Commonwealth Equity Services LLC boosted its position in shares of BlackRock California Municipal Income Trust by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 22,902 shares of the company’s stock worth $257,000 after purchasing an additional 1,037 shares in the last quarter. Trilogy Capital Inc. raised its stake in BlackRock California Municipal Income Trust by 1.3% in the fourth quarter. Trilogy Capital Inc. now owns 108,637 shares of the company’s stock valued at $1,217,000 after buying an additional 1,376 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in BlackRock California Municipal Income Trust by 33.3% in the fourth quarter. Wolverine Asset Management LLC now owns 34,070 shares of the company’s stock worth $382,000 after acquiring an additional 8,505 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of BlackRock California Municipal Income Trust during the fourth quarter worth about $118,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of BlackRock California Municipal Income Trust by 3.8% during the third quarter. Advisors Asset Management Inc. now owns 463,700 shares of the company’s stock valued at $5,606,000 after acquiring an additional 17,144 shares in the last quarter.

BlackRock California Municipal Income Trust Stock Down 0.7 %

Shares of BlackRock California Municipal Income Trust stock opened at $11.10 on Friday. The company has a 50 day moving average price of $11.30 and a 200 day moving average price of $11.62. BlackRock California Municipal Income Trust has a 52 week low of $11.08 and a 52 week high of $12.23.

BlackRock California Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.059 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 6.38%.

Insider Transactions at BlackRock California Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 103,231 shares of BlackRock California Municipal Income Trust stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $11.17, for a total transaction of $1,153,090.27. Following the completion of the sale, the insider now owns 5,026,079 shares of the company’s stock, valued at $56,141,302.43. The trade was a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 280,937 shares of company stock worth $3,162,753.

BlackRock California Municipal Income Trust Company Profile

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.