Almitas Capital LLC Cuts Position in Eaton Vance California Municipal Income Trust (NYSE:CEV)

Almitas Capital LLC trimmed its position in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 177,280 shares of the company’s stock after selling 2,687 shares during the period. Almitas Capital LLC owned about 2.52% of Eaton Vance California Municipal Income Trust worth $1,929,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Napa Wealth Management acquired a new position in Eaton Vance California Municipal Income Trust in the fourth quarter valued at approximately $665,000. Cypress Wealth Services LLC acquired a new position in Eaton Vance California Municipal Income Trust in the first quarter valued at approximately $335,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Eaton Vance California Municipal Income Trust by 49.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 126,629 shares of the company’s stock valued at $1,344,000 after purchasing an additional 41,944 shares in the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Eaton Vance California Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 23,665 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was 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 $10,352,173.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 78,867 shares of company stock valued at $862,769 over the last three months.

Eaton Vance California Municipal Income Trust Stock Up 0.4 %

Shares of CEV opened at $10.82 on Friday. The stock has a 50 day moving average price of $10.98 and a 200 day moving average price of $10.77. Eaton Vance California Municipal Income Trust has a 52-week low of $8.83 and a 52-week high of $11.29.

Eaton Vance California Municipal Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 13th were issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Friday, September 13th.

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.