US Bancorp DE Has $108,000 Stake in Eaton Vance California Municipal Income Trust (NYSE:CEV)

US Bancorp DE reduced its holdings in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV) by 47.8% in the third quarter, HoldingsChannel.com reports. The fund owned 9,910 shares of the company’s stock after selling 9,080 shares during the quarter. US Bancorp DE’s holdings in Eaton Vance California Municipal Income Trust were worth $108,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of Eaton Vance California Municipal Income Trust in the 2nd quarter valued at about $328,000. Cypress Wealth Services LLC boosted its holdings in Eaton Vance California Municipal Income Trust by 73.8% in the third quarter. Cypress Wealth Services LLC now owns 55,454 shares of the company’s stock worth $603,000 after acquiring an additional 23,539 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Eaton Vance California Municipal Income Trust by 37.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 174,143 shares of the company’s stock valued at $1,895,000 after acquiring an additional 47,514 shares during the period. 35.88% of the stock is owned by institutional investors.

Eaton Vance California Municipal Income Trust Price Performance

NYSE CEV opened at $10.41 on Friday. The company has a fifty day simple moving average of $10.71 and a 200 day simple moving average of $10.81. Eaton Vance California Municipal Income Trust has a 12-month low of $9.64 and a 12-month high of $11.29.

Eaton Vance California Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 11th will be paid a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.76%. The ex-dividend date is Friday, November 8th.

Insider Activity

In other Eaton Vance California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 23,665 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $11.03, for a total value of $261,024.95. Following the completion of the sale, the insider now directly owns 938,547 shares of the company’s stock, valued at approximately $10,352,173.41. This represents a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 188,134 shares of company stock worth $2,046,247 over the last 90 days.

Eaton Vance California Municipal Income Trust Profile

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.