Trilogy Capital Inc. Raises Holdings in BlackRock California Municipal Income Trust $BFZ

Trilogy Capital Inc. lifted its position in BlackRock California Municipal Income Trust (NYSE:BFZ) by 13.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,336 shares of the company’s stock after buying an additional 16,738 shares during the period. Trilogy Capital Inc.’s holdings in BlackRock California Municipal Income Trust were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ieq Capital LLC purchased a new position in shares of BlackRock California Municipal Income Trust in the 1st quarter worth $14,681,000. Advisors Asset Management Inc. boosted its stake in shares of BlackRock California Municipal Income Trust by 12.4% in the 1st quarter. Advisors Asset Management Inc. now owns 488,929 shares of the company’s stock worth $5,368,000 after buying an additional 53,781 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of BlackRock California Municipal Income Trust by 472.6% in the 1st quarter. Royal Bank of Canada now owns 272,999 shares of the company’s stock worth $2,998,000 after buying an additional 225,323 shares during the last quarter. LPL Financial LLC boosted its stake in shares of 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 buying an additional 16,406 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of BlackRock California Municipal Income Trust by 128.9% in the 4th quarter. Bank of America Corp DE now owns 120,469 shares of the company’s stock worth $1,349,000 after buying an additional 67,829 shares during the last quarter.

BlackRock California Municipal Income Trust Trading Up 0.4%

NYSE BFZ opened at $10.99 on Thursday. The business’s fifty day moving average is $10.62 and its 200 day moving average is $10.72. 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 Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.059 per share. The ex-dividend date was Monday, September 15th. This represents a c) annualized dividend and a yield of 6.4%.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 348,451 shares of BlackRock California Municipal Income Trust stock in a transaction on Friday, September 5th. The stock was sold at an average price of $10.57, for a total transaction of $3,683,127.07. Following the transaction, the insider directly owned 3,243,450 shares in the company, valued at approximately $34,283,266.50. The trade was a 9.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,695,588 shares of company stock worth $17,920,604 in the last quarter.

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.