Shufro Rose & Co. LLC Makes New Investment in BlackRock California Municipal Income Trust (NYSE:BFZ)

Shufro Rose & Co. LLC bought a new position in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $110,000.

Several other hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of BlackRock California Municipal Income Trust by 7.7% during the first quarter. LPL Financial LLC now owns 228,402 shares of the company’s stock valued at $2,508,000 after acquiring an additional 16,406 shares during the last quarter. Trilogy Capital Inc. grew its stake in BlackRock California Municipal Income Trust by 11.9% in the 1st quarter. Trilogy Capital Inc. now owns 121,598 shares of the company’s stock valued at $1,335,000 after purchasing an additional 12,961 shares during the period. Cetera Investment Advisers purchased a new stake in shares of BlackRock California Municipal Income Trust during the 1st quarter valued at $569,000. D.A. Davidson & CO. purchased a new stake in shares of BlackRock California Municipal Income Trust during the 1st quarter valued at $376,000. Finally, Atala Financial Inc raised its stake in shares of BlackRock California Municipal Income Trust by 3.1% during the 1st quarter. Atala Financial Inc now owns 98,356 shares of the company’s stock worth $1,080,000 after purchasing an additional 3,003 shares during the period.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 62,808 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $10.44, for a total transaction of $655,715.52. Following the completion of the sale, the insider owned 4,392,640 shares in the company, valued at $45,859,161.60. This trade represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 596,426 shares of company stock valued at $6,325,755 in the last 90 days.

BlackRock California Municipal Income Trust Price Performance

Shares of NYSE:BFZ opened at $10.52 on Friday. The company’s 50-day moving average is $10.72 and its 200 day moving average is $10.91. BlackRock California Municipal Income Trust has a fifty-two week low of $10.17 and a fifty-two week high of $12.23.

BlackRock California Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were paid a $0.059 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Tuesday, July 15th.

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.