WESCAP Management Group Inc. Takes $570,000 Position in Eaton Vance California Municipal Income Trust $CEV

WESCAP Management Group Inc. purchased a new stake in Eaton Vance California Municipal Income Trust (NYSE:CEV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 58,831 shares of the company’s stock, valued at approximately $570,000.

Several other hedge funds also recently made changes to their positions in the company. Cypress Wealth Services LLC purchased a new stake in shares of Eaton Vance California Municipal Income Trust in the 2nd quarter valued at about $531,000. Wolverine Asset Management LLC boosted its holdings in shares of Eaton Vance California Municipal Income Trust by 59.8% in the first quarter. Wolverine Asset Management LLC now owns 95,569 shares of the company’s stock valued at $958,000 after acquiring an additional 35,757 shares during the period. Plancorp LLC purchased a new position in shares of Eaton Vance California Municipal Income Trust during the first quarter worth approximately $200,000. Almitas Capital LLC boosted its stake in Eaton Vance California Municipal Income Trust by 41.1% during the 1st quarter. Almitas Capital LLC now owns 61,330 shares of the company’s stock worth $615,000 after purchasing an additional 17,865 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in Eaton Vance California Municipal Income Trust during the 1st quarter worth approximately $126,000. Hedge funds and other institutional investors own 35.88% of the company’s stock.

Eaton Vance California Municipal Income Trust Stock Performance

Eaton Vance California Municipal Income Trust stock opened at $10.45 on Friday. The business has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $9.76. Eaton Vance California Municipal Income Trust has a 12 month low of $9.31 and a 12 month high of $10.75.

Eaton Vance California Municipal Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a $0.05 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Thursday, November 13th.

Eaton Vance California Municipal Income Trust 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.