Sanctuary Advisors LLC Buys Shares of 31,685 Eaton Vance California Municipal Income Trust (NYSE:CEV)

Sanctuary Advisors LLC bought a new position in shares of Eaton Vance California Municipal Income Trust (NYSE:CEV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,685 shares of the company’s stock, valued at approximately $328,000. Sanctuary Advisors LLC owned 0.45% of Eaton Vance California Municipal Income Trust at the end of the most recent reporting period.

Separately, Hennion & Walsh Asset Management Inc. grew its stake in shares of Eaton Vance California Municipal Income Trust by 37.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 174,143 shares of the company’s stock valued at $1,895,000 after buying an additional 47,514 shares in the last quarter. 35.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Eaton Vance California Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 5,500 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $10.69, for a total value of $58,795.00. Following the sale, the insider now owns 726,369 shares of the company’s stock, valued at $7,764,884.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 156,583 shares of company stock worth $1,705,180.

Eaton Vance California Municipal Income Trust Stock Performance

Shares of Eaton Vance California Municipal Income Trust stock opened at $10.81 on Friday. The business has a 50-day moving average of $10.90 and a 200 day moving average of $10.80. Eaton Vance California Municipal Income Trust has a 12 month low of $8.83 and a 12 month high of $11.29.

Eaton Vance California Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 11th were given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend was Friday, October 11th.

Eaton Vance California Municipal Income Trust 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.