Saba Capital Management, L.P. Sells 5,793 Shares of Eaton Vance California Municipal Income Trust (NYSE:CEV) Stock

Eaton Vance California Municipal Income Trust (NYSE:CEV) major shareholder Saba Capital Management, L.P. sold 5,793 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $10.79, for a total transaction of $62,506.47. Following the completion of the sale, the insider now owns 731,869 shares of the company’s stock, valued at approximately $7,896,866.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, October 3rd, Saba Capital Management, L.P. sold 19,170 shares of Eaton Vance California Municipal Income Trust stock. The stock was sold at an average price of $10.86, for a total transaction of $208,186.20.
• On Tuesday, October 1st, Saba Capital Management, L.P. sold 25,913 shares of Eaton Vance California Municipal Income Trust stock. The stock was sold at an average price of $10.90, for a total transaction of $282,451.70.
• On Thursday, September 26th, Saba Capital Management, L.P. sold 21,340 shares of Eaton Vance California Municipal Income Trust stock. The stock was sold at an average price of $10.80, for a total transaction of $230,472.00.
• On Monday, September 23rd, Saba Capital Management, L.P. sold 15,017 shares of Eaton Vance California Municipal Income Trust stock. The stock was sold at an average price of $10.83, for a total transaction of $162,634.11.
• On Wednesday, September 18th, Saba Capital Management, L.P. sold 28,682 shares of Eaton Vance California Municipal Income Trust stock. The stock was sold at an average price of $10.89, for a total transaction of $312,346.98.
• On Monday, September 16th, Saba Capital Management, L.P. sold 11,503 shares of Eaton Vance California Municipal Income Trust stock. The stock was sold at an average price of $11.02, for a total transaction of $126,763.06.
• On Friday, September 13th, Saba Capital Management, L.P. sold 23,665 shares of Eaton Vance California Municipal Income Trust stock. The stock was sold at an average price of $11.03, for a total transaction of $261,024.95.

Eaton Vance California Municipal Income Trust Stock Down 0.3 %

NYSE CEV opened at $10.69 on Friday. The company has a 50 day moving average of $10.94 and a 200-day moving average of $10.79. Eaton Vance California Municipal Income Trust has a 1-year low of $8.83 and a 1-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 Friday, October 18th. Investors of record on Friday, October 11th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Friday, October 11th.

Institutional Trading of Eaton Vance California Municipal Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. grew its holdings in 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 worth $1,895,000 after acquiring an additional 47,514 shares during the period. Napa Wealth Management acquired a new stake in Eaton Vance California Municipal Income Trust during the 4th quarter worth $665,000. Cypress Wealth Services LLC acquired a new stake in Eaton Vance California Municipal Income Trust during the 1st quarter worth $335,000. Finally, Sanctuary Advisors LLC acquired a new stake in Eaton Vance California Municipal Income Trust during the 2nd quarter worth $328,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

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.