US Bancorp DE Has $108,000 Stock Holdings in Eaton Vance California Municipal Income Trust (NYSE:CEV)

US Bancorp DE reduced its position in Eaton Vance California Municipal Income Trust (NYSE:CEV) by 47.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,910 shares of the company’s stock after selling 9,080 shares during the period. US Bancorp DE owned about 0.14% of Eaton Vance California Municipal Income Trust worth $108,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its position in shares of Eaton Vance California Municipal Income Trust by 37.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 174,143 shares of the company’s stock valued at $1,895,000 after acquiring an additional 47,514 shares during the period. Sanctuary Advisors LLC acquired a new position in Eaton Vance California Municipal Income Trust in the second quarter valued at about $328,000. Finally, Cypress Wealth Services LLC lifted its position in Eaton Vance California Municipal Income Trust by 73.8% during the third quarter. Cypress Wealth Services LLC now owns 55,454 shares of the company’s stock worth $603,000 after purchasing an additional 23,539 shares during the period. Institutional investors own 35.88% of the company’s stock.

Eaton Vance California Municipal Income Trust Stock Performance

Shares of CEV opened at $10.41 on Friday. The firm has a 50 day simple moving average of $10.71 and a two-hundred day simple moving average of $10.81. Eaton Vance California Municipal Income Trust has a one year low of $9.64 and a one year high of $11.29.

Eaton Vance California Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.76%.

Insider Activity

In other Eaton Vance California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 11,503 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $11.02, for a total value of $126,763.06. Following the completion of the transaction, the insider now directly owns 927,044 shares in the company, valued at approximately $10,216,024.88. This trade represents a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 188,134 shares of company stock worth $2,046,247.

Eaton Vance California Municipal Income Trust Company Profile

Eaton Vance California Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Eaton Vance Management. It invests in the fixed income markets. The fund invests primarily in debt securities issued by education, hospital, housing, insured-education, insured-electric utilities, insured-hospital, insured-transportation, insured-water and sewer, transportation, and other sectors.