Guggenheim Capital LLC Has $7.05 Million Holdings in BlackRock California Municipal Income Trust $BFZ

Guggenheim Capital LLC increased its position in BlackRock California Municipal Income Trust (NYSE:BFZ) by 15.5% in the second quarter, HoldingsChannel reports. The firm owned 652,161 shares of the company’s stock after acquiring an additional 87,599 shares during the period. Guggenheim Capital LLC’s holdings in BlackRock California Municipal Income Trust were worth $7,050,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ieq Capital LLC acquired a new stake in BlackRock California Municipal Income Trust during the 1st quarter valued at $14,681,000. Advisors Asset Management Inc. grew its holdings in shares of BlackRock California Municipal Income Trust by 16.3% during the second quarter. Advisors Asset Management Inc. now owns 568,664 shares of the company’s stock valued at $6,147,000 after buying an additional 79,735 shares in the last quarter. Royal Bank of Canada raised its position in BlackRock California Municipal Income Trust by 472.6% during the first quarter. Royal Bank of Canada now owns 272,999 shares of the company’s stock valued at $2,998,000 after buying an additional 225,323 shares during the period. LPL Financial LLC lifted its stake in BlackRock California Municipal Income Trust by 7.7% in the 1st quarter. LPL Financial LLC now owns 228,402 shares of the company’s stock worth $2,508,000 after acquiring an additional 16,406 shares in the last quarter. Finally, Trilogy Capital Inc. lifted its stake in BlackRock California Municipal Income Trust by 13.8% in the 2nd quarter. Trilogy Capital Inc. now owns 138,336 shares of the company’s stock worth $1,495,000 after acquiring an additional 16,738 shares in the last quarter.

BlackRock California Municipal Income Trust Stock Up 0.1%

NYSE:BFZ opened at $10.90 on Friday. BlackRock California Municipal Income Trust has a fifty-two week low of $10.17 and a fifty-two week high of $11.89. The stock’s 50-day moving average is $10.92 and its two-hundred day moving average is $10.76.

BlackRock California Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were issued a dividend of $0.059 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Friday, November 14th.

Insider Buying and Selling

In other BlackRock California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 136,042 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $10.69, for a total value of $1,454,288.98. Following the transaction, the insider owned 3,107,408 shares in the company, valued at approximately $33,218,191.52. This represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 245,585 shares of company stock worth $2,647,745 over 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.