Trilogy Capital Inc. Grows Position in BlackRock California Municipal Income Trust $BFZ

Trilogy Capital Inc. raised its stake in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) by 42.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 196,619 shares of the company’s stock after purchasing an additional 58,283 shares during the period. Trilogy Capital Inc.’s holdings in BlackRock California Municipal Income Trust were worth $2,153,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BFZ. Advisors Asset Management Inc. grew its stake in shares of BlackRock California Municipal Income Trust by 16.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 568,664 shares of the company’s stock valued at $6,147,000 after acquiring an additional 79,735 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in BlackRock California Municipal Income Trust by 161.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 327,258 shares of the company’s stock valued at $3,583,000 after purchasing an additional 201,972 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of BlackRock California Municipal Income Trust by 15.5% in the second quarter. Guggenheim Capital LLC now owns 652,161 shares of the company’s stock worth $7,050,000 after purchasing an additional 87,599 shares during the period. Cypress Wealth Services LLC purchased a new stake in shares of BlackRock California Municipal Income Trust in the second quarter worth $586,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of BlackRock California Municipal Income Trust in the second quarter worth $209,000.

BlackRock California Municipal Income Trust Stock Performance

BFZ opened at $10.92 on Monday. BlackRock California Municipal Income Trust has a fifty-two week low of $10.17 and a fifty-two week high of $11.50. The firm’s fifty day moving average is $10.87 and its 200 day moving average is $10.77.

BlackRock California Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 6th will be issued a dividend of $0.0507 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a yield of 5.6%.

BlackRock California Municipal Income Trust Profile

BlackRock California Municipal Income Trust (NYSE: BFZ) is a diversified, closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. Launched and managed by BlackRock Advisors, LLC, the fund primarily invests in a portfolio of investment-grade municipal obligations issued by California state and local governments. Its holdings include general obligation bonds, revenue bonds and other limited-obligation securities that finance infrastructure and public services across the state.

The fund’s investment objective emphasizes tax-exempt income through active portfolio management.