Allspring Global Investments Holdings LLC Sells 268,076 Shares of BlackRock California Municipal Income Trust (NYSE:BFZ)

Allspring Global Investments Holdings LLC reduced its stake in BlackRock California Municipal Income Trust (NYSE:BFZ) by 64.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,445 shares of the company’s stock after selling 268,076 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BlackRock California Municipal Income Trust were worth $1,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BFZ. Raymond James & Associates lifted its stake in BlackRock California Municipal Income Trust by 146.4% during the fourth quarter. Raymond James & Associates now owns 46,279 shares of the company’s stock worth $557,000 after purchasing an additional 27,500 shares during the last quarter. Blue Bell Private Wealth Management LLC bought a new stake in BlackRock California Municipal Income Trust during the fourth quarter worth $33,000. Karpus Management Inc. bought a new stake in BlackRock California Municipal Income Trust during the fourth quarter worth $561,000. Napa Wealth Management bought a new stake in BlackRock California Municipal Income Trust during the fourth quarter worth $380,000. Finally, Sanders Morris Harris LLC bought a new stake in BlackRock California Municipal Income Trust during the first quarter worth $479,000.

BlackRock California Municipal Income Trust Stock Performance

NYSE BFZ opened at $11.95 on Thursday. The business has a fifty day moving average price of $11.79 and a two-hundred day moving average price of $11.78. BlackRock California Municipal Income Trust has a fifty-two week low of $9.86 and a fifty-two week high of $12.31.

BlackRock California Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a dividend of $0.059 per share. This represents a $0.71 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend is Monday, July 15th.

About BlackRock California Municipal Income Trust

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.