Hennion & Walsh Asset Management Inc. Sells 5,284 Shares of BlackRock California Municipal Income Trust (NYSE:BFZ)

Hennion & Walsh Asset Management Inc. cut its position in BlackRock California Municipal Income Trust (NYSE:BFZ) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,058 shares of the company’s stock after selling 5,284 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock California Municipal Income Trust were worth $3,144,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Trilogy Capital Inc. raised its holdings in BlackRock California Municipal Income Trust by 292.8% in the 3rd quarter. Trilogy Capital Inc. now owns 107,261 shares of the company’s stock valued at $1,297,000 after buying an additional 79,952 shares during the last quarter. Advisors Asset Management Inc. increased its position in BlackRock California Municipal Income Trust by 10.6% in the 1st quarter. Advisors Asset Management Inc. now owns 476,270 shares of the company’s stock valued at $5,630,000 after acquiring an additional 45,611 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of BlackRock California Municipal Income Trust during the second quarter worth $509,000. Cypress Wealth Services LLC acquired a new position in shares of BlackRock California Municipal Income Trust during the third quarter worth $250,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in BlackRock California Municipal Income Trust in the first quarter valued at $193,000.

BlackRock California Municipal Income Trust Stock Down 0.6 %

Shares of NYSE:BFZ opened at $11.87 on Friday. The business has a fifty day simple moving average of $12.01 and a 200 day simple moving average of $11.90. BlackRock California Municipal Income Trust has a 12-month low of $9.86 and a 12-month high of $12.31.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.059 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock California Municipal Income Trust 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.