10,572 Shares in BlackRock California Municipal Income Trust (NYSE:BFZ) Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC purchased a new stake in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,572 shares of the company’s stock, valued at approximately $118,000.

A number of other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of BlackRock California Municipal Income Trust by 3.8% in the third quarter. Advisors Asset Management Inc. now owns 463,700 shares of the company’s stock valued at $5,606,000 after purchasing an additional 17,144 shares in the last quarter. Trilogy Capital Inc. lifted its position in BlackRock California Municipal Income Trust by 1.3% during the fourth quarter. Trilogy Capital Inc. now owns 108,637 shares of the company’s stock valued at $1,217,000 after purchasing an additional 1,376 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of BlackRock California Municipal Income Trust in the 2nd quarter worth $509,000. Absolute Investment Advisers LLC bought a new stake in shares of BlackRock California Municipal Income Trust in the 4th quarter worth about $387,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of BlackRock California Municipal Income Trust during the 3rd quarter valued at about $309,000.

BlackRock California Municipal Income Trust Stock Down 0.4 %

Shares of NYSE:BFZ opened at $11.28 on Monday. BlackRock California Municipal Income Trust has a 12 month low of $11.10 and a 12 month high of $12.23. The company has a 50-day moving average price of $11.39 and a 200 day moving average price of $11.72.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.059 dividend. This represents a $0.71 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend is Friday, February 14th.

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 shares were sold at an average price of $11.17, for a total transaction of $1,153,090.27. Following the completion of the transaction, the insider now directly owns 5,026,079 shares of the company’s stock, valued at approximately $56,141,302.43. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 260,933 shares of company stock worth $2,935,672.

BlackRock California Municipal Income Trust 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.