Eaton Vance California Municipal Income Trust (NYSE:CEV) Trading 0.4% Higher

Eaton Vance California Municipal Income Trust (NYSE:CEV)’s stock price was up 0.4% on Monday . The stock traded as high as $10.41 and last traded at $10.39. Approximately 8,744 shares traded hands during trading, a decline of 54% from the average daily volume of 18,909 shares. The stock had previously closed at $10.35.

Eaton Vance California Municipal Income Trust Stock Performance

The business has a 50 day moving average of $10.46 and a 200-day moving average of $10.17.

Eaton Vance California Municipal Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 11th were given a dividend of $0.0434 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Wednesday, April 10th.

Institutional Investors Weigh In On Eaton Vance California Municipal Income Trust

Several institutional investors have recently added to or reduced their stakes in CEV. Whittier Trust Co. raised its stake in shares of Eaton Vance California Municipal Income Trust by 141.3% in the 4th quarter. Whittier Trust Co. now owns 6,852 shares of the company’s stock valued at $71,000 after purchasing an additional 4,012 shares during the period. Blue Bell Private Wealth Management LLC acquired a new stake in Eaton Vance California Municipal Income Trust in the 4th quarter valued at approximately $112,000. Atria Wealth Solutions Inc. bought a new stake in Eaton Vance California Municipal Income Trust in the 3rd quarter valued at approximately $183,000. Raymond James & Associates boosted its position in Eaton Vance California Municipal Income Trust by 56.8% during the 3rd quarter. Raymond James & Associates now owns 20,700 shares of the company’s stock worth $190,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Fort Point Capital Partners LLC bought a new position in shares of Eaton Vance California Municipal Income Trust during the 3rd quarter worth approximately $191,000. 35.88% of the stock is owned by institutional investors.

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.