BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 1,900 shares, a drop of 96.9% from the December 31st total of 60,900 shares. Based on an average daily trading volume, of 330,500 shares, the short-interest ratio is currently 0.0 days.
BlackRock MuniHoldings California Quality Fund Stock Up 0.2 %
MUC stock traded up $0.03 during trading on Friday, reaching $10.87. The stock had a trading volume of 180,836 shares, compared to its average volume of 270,636. The stock's 50 day moving average is $10.88 and its two-hundred day moving average is $11.14. BlackRock MuniHoldings California Quality Fund has a 52 week low of $10.52 and a 52 week high of $11.64.
BlackRock MuniHoldings California Quality Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0535 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.91%.
Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund
Several hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth approximately $4,308,000. Rivernorth Capital Management LLC raised its position in BlackRock MuniHoldings California Quality Fund by 7.1% during the third quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company's stock valued at $29,233,000 after acquiring an additional 167,785 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 43.5% in the 4th quarter. Dakota Wealth Management now owns 186,176 shares of the company's stock valued at $1,979,000 after purchasing an additional 56,400 shares during the period. Atria Wealth Solutions Inc. boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 30.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 167,437 shares of the company's stock worth $1,780,000 after acquiring an additional 38,842 shares in the last quarter. Finally, Creative Planning grew its stake in BlackRock MuniHoldings California Quality Fund by 201.5% in the 2nd quarter. Creative Planning now owns 57,242 shares of the company's stock valued at $635,000 after acquiring an additional 38,254 shares during the period. 30.99% of the stock is currently owned by institutional investors.
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.
Further Reading
Before you consider BlackRock MuniHoldings California Quality Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniHoldings California Quality Fund wasn't on the list.
While BlackRock MuniHoldings California Quality Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
