Worth Watching: Institutional Investors Are Buying Blackrock Muniyield California Quality Fund Inc (NYSE:MCA)

November 15, 2016 - By kentuckypostne   ·   0 Comments

Worth Watching: Institutional Investors Are Buying Blackrock Muniyield California Quality Fund Inc (NYSE:MCA)

Sentiment for Blackrock Muniyield California Quality Fund Inc (NYSE:MCA)

Blackrock Muniyield California Quality Fund Inc (NYSE:MCA) institutional sentiment decreased to 1.44 in Q2 2016. Its down -0.06, from 1.5 in 2016Q1. The ratio turned negative, as 13 hedge funds opened new or increased holdings, while 9 cut down and sold their stock positions in Blackrock Muniyield California Quality Fund Inc. The hedge funds in our partner’s database now own: 3.25 million shares, down from 3.36 million shares in 2016Q1. Also, the number of hedge funds holding Blackrock Muniyield California Quality Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 6 Increased: 10 New Position: 3.

BlackRock MuniYield California Quality Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $484.06 million. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal and California income taxes as is consistent with its investment policies and prudent investment management. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from federal income taxes and California income taxes.

About 132,740 shares traded hands or 32.84% up from the average. Blackrock Muniyld California Quty Fd Inc (NYSE:MCA) has declined 12.12% since April 13, 2016 and is downtrending. It has underperformed by 16.05% the S&P500.

Hollencrest Securities Llc holds 1.12% of its portfolio in Blackrock Muniyld California Quty Fd Inc for 435,979 shares. Diligent Investors Llc owns 30,272 shares or 0.47% of their US portfolio. Moreover, Apriem Advisors has 0.34% invested in the company for 62,664 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.08% in the stock. L & S Advisors Inc, a California-based fund reported 10,000 shares.#img1#

MCA Company Profile

BlackRock MuniYield California Insured Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from federal and California income taxes.

More notable recent Blackrock Muniyld California Quty Fd Inc (NYSE:MCA) news were published by: Businesswire.com which released: “Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds” on July 01, 2016, also Businesswire.com with their article: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” published on May 05, 2014, Investorplace.com published: “Interest Rates Rattle Municipal Bond Fund Investors” on October 21, 2016. More interesting news about Blackrock Muniyld California Quty Fd Inc (NYSE:MCA) were released by: Seekingalpha.com and their article: “Tax-Free Income For Those Who Need It Most: California Municipal Bond CEFs” published on October 15, 2015 as well as Wsj.com‘s news article titled: “Sizing Up Discounted Muni Closed-End Bond Funds” with publication date: August 15, 2013.

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