Saba Capital Administration, L.P., a big shareholder in BlackRock (NYSE:BLK) California Municipal Revenue Belief (NYSE:BFZ), reported a latest sale of shares. In keeping with a submitting with the Securities and Change Fee, Saba Capital Administration disposed of 39,580 shares at a mean value of $11.32 per share, amounting to a complete transaction worth of $448,045. Following this transaction, Saba Capital Administration holds 5,160,508 shares not directly. The transaction was executed on January 22, 2025.
The belief, with a market capitalization of $339 million, at present gives a considerable 6.28% dividend yield and has maintained dividend funds for 25 consecutive years, based on InvestingPro knowledge. The inventory is buying and selling close to its 52-week low of $11.10, with further insights and evaluation obtainable by means of InvestingPro’s complete monetary metrics and instruments.
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