BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Sees Unusually-High Trading Volume

Posted by Alphonse Anthony on Apr 20th, 2024

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC – Get Free Report) saw unusually-high trading volume on Thursday . 99,952 shares traded hands during mid-day trading, a decline of 62% from the previous session’s volume of 266,323 shares.The stock last traded at $10.64 and had previously closed at $10.64.

BlackRock MuniHoldings California Quality Fund Price Performance

The company’s fifty day moving average is $11.00 and its two-hundred day moving average is $10.66.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.0485 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MUC. Captrust Financial Advisors acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at about $50,000. Spire Wealth Management acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter worth approximately $51,000. Centaurus Financial Inc. acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter worth approximately $105,000. Sanders Morris Harris LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the 1st quarter valued at approximately $110,000. Finally, Nomura Holdings Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at $111,000. 30.99% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Company Profile

(Get Free Report)

BlackRock MuniHoldings California Quality Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.