BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Sees Strong Trading Volume – Here’s Why

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) shares saw strong trading volume on Tuesday . 148,158 shares changed hands during trading, a decline of 43% from the previous session’s volume of 260,146 shares.The stock last traded at $10.70 and had previously closed at $10.59.

BlackRock MuniHoldings California Quality Fund Price Performance

The business has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $11.21.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.0535 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in MUC. JPMorgan Chase & Co. acquired a new position in BlackRock MuniHoldings California Quality Fund in the third quarter valued at approximately $25,000. Fortitude Family Office LLC bought a new position in BlackRock MuniHoldings California Quality Fund during the third quarter worth $48,000. Blue Bell Private Wealth Management LLC grew its holdings in BlackRock MuniHoldings California Quality Fund by 242.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 4,800 shares of the company’s stock worth $53,000 after purchasing an additional 3,400 shares during the period. Wolverine Asset Management LLC increased its stake in BlackRock MuniHoldings California Quality Fund by 57.4% in the second quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock valued at $71,000 after purchasing an additional 2,330 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund during the third quarter valued at about $118,000. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Company Profile

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.