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

Shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) saw strong trading volume on Thursday. Approximately 845,641 shares were traded during trading, an increase of 126% from the previous session’s volume of 373,895 shares. The stock last traded at $9.6680 and had previously closed at $9.63.

BlackRock MuniHoldings California Quality Fund Price Performance

The company’s 50 day moving average is $10.22 and its 200-day moving average is $10.57.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0535 per share. This represents a $0.64 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in BlackRock MuniHoldings California Quality Fund by 21.0% in the 1st quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock worth $23,597,000 after purchasing an additional 393,995 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 85.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock worth $11,442,000 after buying an additional 507,112 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock MuniHoldings California Quality Fund by 5.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 709,302 shares of the company’s stock valued at $7,795,000 after buying an additional 35,327 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in BlackRock MuniHoldings California Quality Fund by 7.9% during the 1st quarter. Sanctuary Advisors LLC now owns 467,786 shares of the company’s stock valued at $4,865,000 after purchasing an additional 34,327 shares during the last quarter. Finally, Hollencrest Capital Management increased its holdings in BlackRock MuniHoldings California Quality Fund by 35.8% in the 1st quarter. Hollencrest Capital Management now owns 307,635 shares of the company’s stock worth $3,199,000 after buying an additional 81,115 shares in the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol MUC. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax by investing primarily in municipal bonds and other municipal obligations.

The fund’s portfolio generally consists of investment-grade or otherwise creditworthy securities issued by California municipalities, public agencies and related governmental entities.