Alliance California Municipal IncmFndInc (NYSE:AKP) major shareholder Bulldog Investors, Llc sold 536,293 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $14.68, for a total transaction of $7,872,781.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NYSE:AKP traded down $0.01 during trading on Monday, reaching $14.70. 43,554 shares of the company’s stock traded hands, compared to its average volume of 37,670. Alliance California Municipal IncmFndInc has a 12 month low of $12.65 and a 12 month high of $14.80.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be given a dividend of $0.0421 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Thursday, April 4th.

Large investors have recently made changes to their positions in the stock. Bulldog Investors LLC grew its position in shares of Alliance California Municipal IncmFndInc by 32.3% during the 3rd quarter. Bulldog Investors LLC now owns 1,007,805 shares of the company’s stock valued at $13,686,000 after buying an additional 246,141 shares during the last quarter. Sit Investment Associates Inc. grew its position in shares of Alliance California Municipal IncmFndInc by 6.1% during the 4th quarter. Sit Investment Associates Inc. now owns 84,822 shares of the company’s stock valued at $1,160,000 after buying an additional 4,855 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Alliance California Municipal IncmFndInc during the 4th quarter valued at about $98,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Alliance California Municipal IncmFndInc during the 4th quarter valued at about $33,000. Finally, Karpus Management Inc. grew its position in shares of Alliance California Municipal IncmFndInc by 44.0% during the 4th quarter. Karpus Management Inc. now owns 20,875 shares of the company’s stock valued at $286,000 after buying an additional 6,375 shares during the last quarter.

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About Alliance California Municipal IncmFndInc

Alliance California Municipal Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. The fund invests in the fixed income markets of the United States with a focus on California. It primarily invests in investment-grade municipal securities paying interest that is exempt from regular federal and California state income taxes.

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Insider Buying and Selling by Quarter for Alliance California Municipal IncmFndInc (NYSE:AKP)

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