Advisors Asset Management Inc. Buys 12,695 Shares of Eaton Vance California Municipal Income Trust (NYSE:CEV)

Advisors Asset Management Inc. boosted its stake in Eaton Vance California Municipal Income Trust (NYSE:CEV) by 30.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,396 shares of the company’s stock after acquiring an additional 12,695 shares during the period. Advisors Asset Management Inc.’s holdings in Eaton Vance California Municipal Income Trust were worth $591,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Wolverine Asset Management LLC bought a new stake in Eaton Vance California Municipal Income Trust in the third quarter worth about $183,000. Hennion & Walsh Asset Management Inc. raised its position in Eaton Vance California Municipal Income Trust by 9.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 190,276 shares of the company’s stock worth $2,068,000 after acquiring an additional 16,133 shares during the period. Cypress Wealth Services LLC raised its position 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 during the period. Finally, Sanctuary Advisors LLC bought a new stake in Eaton Vance California Municipal Income Trust in the second quarter worth about $328,000. Institutional investors own 35.88% of the company’s stock.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 11,503 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $11.02, for a total value of $126,763.06. Following the sale, the insider now owns 927,044 shares of the company’s stock, valued at $10,216,024.88. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 188,134 shares of company stock valued at $2,046,247 over the last quarter.

Eaton Vance California Municipal Income Trust Stock Up 1.6 %

Shares of CEV stock opened at $10.62 on Thursday. The firm’s 50-day simple moving average is $10.62 and its two-hundred day simple moving average is $10.81. Eaton Vance California Municipal Income Trust has a 52 week low of $9.80 and a 52 week high of $11.29.

Eaton Vance California Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were given a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.65%. The ex-dividend date was Friday, November 8th.

Eaton Vance California Municipal Income Trust Company 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.