Wolverine Asset Management LLC Boosts Stock Position in BlackRock California Municipal Income Trust (NYSE:BFZ)

Wolverine Asset Management LLC grew its holdings in BlackRock California Municipal Income Trust (NYSE:BFZ) by 33.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,070 shares of the company’s stock after buying an additional 8,505 shares during the quarter. Wolverine Asset Management LLC’s holdings in BlackRock California Municipal Income Trust were worth $382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC purchased a new stake in shares of BlackRock California Municipal Income Trust during the fourth quarter worth approximately $118,000. Farther Finance Advisors LLC acquired a new position in BlackRock California Municipal Income Trust during the third quarter worth $170,000. Absolute Investment Advisers LLC acquired a new position in BlackRock California Municipal Income Trust during the fourth quarter worth $387,000. Trilogy Capital Inc. boosted its stake in BlackRock California Municipal Income Trust by 1.3% during the fourth quarter. Trilogy Capital Inc. now owns 108,637 shares of the company’s stock worth $1,217,000 after buying an additional 1,376 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in BlackRock California Municipal Income Trust by 3.8% during the third quarter. Advisors Asset Management Inc. now owns 463,700 shares of the company’s stock worth $5,606,000 after buying an additional 17,144 shares during the last quarter.

BlackRock California Municipal Income Trust Stock Up 0.2 %

Shares of BlackRock California Municipal Income Trust stock opened at $11.34 on Monday. BlackRock California Municipal Income Trust has a 52 week low of $11.10 and a 52 week high of $12.23. The business’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $11.67.

BlackRock California Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.059 dividend. This represents a $0.71 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Friday, February 14th.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 39,580 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $11.32, for a total transaction of $448,045.60. Following the transaction, the insider now owns 5,160,508 shares of the company’s stock, valued at approximately $58,416,950.56. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 267,737 shares of company stock valued at $3,012,801 in the last quarter.

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.