Global Retirement Partners LLC Sells 2,159 Shares of BlackRock California Municipal Income Trust (NYSE:BFZ)

Global Retirement Partners LLC lowered its position in BlackRock California Municipal Income Trust (NYSE:BFZ) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the company’s stock after selling 2,159 shares during the quarter. Global Retirement Partners LLC’s holdings in BlackRock California Municipal Income Trust were worth $90,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of BFZ. Trilogy Capital Inc. lifted its holdings in shares of BlackRock California Municipal Income Trust by 1.3% in the 4th quarter. Trilogy Capital Inc. now owns 108,637 shares of the company’s stock worth $1,217,000 after acquiring an additional 1,376 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in BlackRock California Municipal Income Trust in the fourth quarter worth $118,000. Farther Finance Advisors LLC purchased a new stake in BlackRock California Municipal Income Trust during the third quarter valued at about $170,000. Advisors Asset Management Inc. boosted its position in BlackRock California Municipal Income Trust by 3.8% during the third quarter. Advisors Asset Management Inc. now owns 463,700 shares of the company’s stock valued at $5,606,000 after buying an additional 17,144 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of BlackRock California Municipal Income Trust during the third quarter valued at about $309,000.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 103,231 shares of the stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $11.17, for a total transaction of $1,153,090.27. Following the completion of the sale, the insider now directly owns 5,026,079 shares in the company, valued at approximately $56,141,302.43. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 280,937 shares of company stock valued at $3,162,753.

BlackRock California Municipal Income Trust Price Performance

NYSE BFZ opened at $11.34 on Friday. BlackRock California Municipal Income Trust has a 1-year low of $11.10 and a 1-year high of $12.23. The stock has a 50-day moving average of $11.29 and a 200-day moving average of $11.66.

BlackRock California Municipal Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.059 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.71 annualized dividend and a yield of 6.25%.

About BlackRock California Municipal Income Trust

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.