BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) major shareholder Saba Capital Management, L.P. sold 6,313 shares of BlackRock California Municipal Income Trust stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $11.89, for a total transaction of $75,061.57. Following the completion of the sale, the insider now directly owns 5,233,255 shares of the company’s stock, valued at approximately $62,223,401.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
BlackRock California Municipal Income Trust Stock Performance
BFZ stock opened at $11.71 on Thursday. BlackRock California Municipal Income Trust has a 1 year low of $9.90 and a 1 year high of $12.31. The stock’s fifty day moving average price is $12.00 and its 200-day moving average price is $11.90.
BlackRock California Municipal Income Trust Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.059 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.71 annualized dividend and a yield of 6.05%.
Institutional Investors Weigh In On BlackRock California Municipal Income Trust
BlackRock California Municipal Income Trust Company 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.
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