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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw strong trading volume on Thursday . 99,952 shares changed hands during 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 Trading Up 0.1 %

The stock’s fifty day simple moving average is $11.00 and its 200-day simple moving average is $10.66.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MUC. Bank of Montreal Can acquired a new stake in BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at about $262,000. UBS Group AG lifted its stake in BlackRock MuniHoldings California Quality Fund by 5.5% in the first quarter. UBS Group AG now owns 254,426 shares of the company’s stock worth $3,328,000 after acquiring an additional 13,215 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in BlackRock MuniHoldings California Quality Fund during the 1st quarter worth approximately $1,024,000. Guggenheim Capital LLC increased its position in shares of BlackRock MuniHoldings California Quality Fund by 3.9% in the 1st quarter. Guggenheim Capital LLC now owns 1,178,881 shares of the company’s stock valued at $15,420,000 after purchasing an additional 44,371 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 9.7% in the 1st quarter. Royal Bank of Canada now owns 46,060 shares of the company’s stock valued at $602,000 after purchasing an additional 4,071 shares in the last quarter. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock MuniHoldings California Quality Fund

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.