BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Sees Large Volume Increase – Here’s What Happened

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw unusually-high trading volume on Tuesday . Approximately 148,158 shares traded 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 company has a 50-day moving average of $11.05 and a 200-day moving average of $11.20.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.0535 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend was Monday, December 16th.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 0.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 116,529 shares of the company’s stock worth $1,342,000 after acquiring an additional 1,072 shares during the period. JPMorgan Chase & Co. purchased a new stake in BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at approximately $25,000. Choreo LLC increased its position in BlackRock MuniHoldings California Quality Fund by 5.8% during the 2nd quarter. Choreo LLC now owns 41,135 shares of the company’s stock worth $453,000 after purchasing an additional 2,262 shares during the period. Wolverine Asset Management LLC raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 57.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock worth $71,000 after buying an additional 2,330 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 9.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 27,878 shares of the company’s stock valued at $321,000 after buying an additional 2,459 shares during the period. 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.