Blackrock Muniyld California Quty Fd (NYSE:MCA) Sets New 1-Year High at $14.92

Shares of Blackrock Muniyld California Quty Fd Inc (NYSE:MCA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.92 and last traded at $14.85, with a volume of 72590 shares trading hands. The stock had previously closed at $14.85.

The company’s fifty day moving average is $14.56 and its 200-day moving average is $14.37.

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 14th will be issued a $0.046 dividend. This represents a $0.55 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, February 13th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCA. Parallel Advisors LLC purchased a new position in Blackrock Muniyld California Quty Fd in the third quarter worth $31,000. Biltmore Capital Advisors LLC purchased a new position in Blackrock Muniyld California Quty Fd in the third quarter worth $148,000. Advisor Group Inc. grew its holdings in Blackrock Muniyld California Quty Fd by 22.8% in the fourth quarter. Advisor Group Inc. now owns 13,505 shares of the company’s stock worth $191,000 after purchasing an additional 2,505 shares during the last quarter. Coastal Investment Advisors Inc. grew its holdings in Blackrock Muniyld California Quty Fd by 29.6% in the third quarter. Coastal Investment Advisors Inc. now owns 17,509 shares of the company’s stock worth $252,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Blackrock Muniyld California Quty Fd by 7.8% in the fourth quarter. Raymond James & Associates now owns 27,927 shares of the company’s stock worth $397,000 after purchasing an additional 2,026 shares during the last quarter. 19.15% of the stock is currently owned by institutional investors and hedge funds.

Blackrock Muniyld California Quty Fd Company Profile (NYSE:MCA)

BlackRock MuniYield 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 in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes.

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