Wolverine Asset Management LLC Acquires Shares of 72,893 BlackRock California Municipal Income Trust $BFZ

Wolverine Asset Management LLC bought a new position in shares of BlackRock California Municipal Income Trust (NYSE:BFZ) during the third quarter, Holdings Channel.com reports. The fund bought 72,893 shares of the company’s stock, valued at approximately $798,000.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in BlackRock California Municipal Income Trust by 16.3% during the second quarter. Advisors Asset Management Inc. now owns 568,664 shares of the company’s stock worth $6,147,000 after buying an additional 79,735 shares during the period. Trilogy Capital Inc. boosted its holdings in shares of BlackRock California Municipal Income Trust by 42.1% in the third quarter. Trilogy Capital Inc. now owns 196,619 shares of the company’s stock valued at $2,153,000 after acquiring an additional 58,283 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock California Municipal Income Trust by 161.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 327,258 shares of the company’s stock worth $3,583,000 after acquiring an additional 201,972 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of BlackRock California Municipal Income Trust by 15.5% in the 2nd quarter. Guggenheim Capital LLC now owns 652,161 shares of the company’s stock valued at $7,050,000 after acquiring an additional 87,599 shares during the period. Finally, Global Retirement Partners LLC raised its position in BlackRock California Municipal Income Trust by 49.5% in the 3rd quarter. Global Retirement Partners LLC now owns 28,955 shares of the company’s stock valued at $317,000 after purchasing an additional 9,585 shares during the last quarter.

BlackRock California Municipal Income Trust Trading Up 0.1%

Shares of NYSE:BFZ opened at $11.03 on Friday. BlackRock California Municipal Income Trust has a 1-year low of $10.17 and a 1-year high of $11.47. The firm has a fifty day moving average price of $10.87 and a 200 day moving average price of $10.78.

BlackRock California Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a dividend of $0.0507 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

About BlackRock California Municipal Income Trust

BlackRock California Municipal Income Trust (NYSE: BFZ) is a diversified, closed-end management investment company that seeks to provide high current income exempt from federal and California state income taxes. Launched and managed by BlackRock Advisors, LLC, the fund primarily invests in a portfolio of investment-grade municipal obligations issued by California state and local governments. Its holdings include general obligation bonds, revenue bonds and other limited-obligation securities that finance infrastructure and public services across the state.

The fund’s investment objective emphasizes tax-exempt income through active portfolio management.