Stock Worth Watching: Institutional Investors Love Blackrock Muniyield California Fund Inc (NYSE:MYC)

November 18, 2016 - By Richard Conner   ·   0 Comments

Stock Worth Watching: Institutional Investors  Love Blackrock Muniyield California Fund Inc (NYSE:MYC)

Sentiment for Blackrock Muniyield California Fund Inc (NYSE:MYC)

Blackrock Muniyield California Fund Inc (NYSE:MYC) institutional sentiment decreased to 1.2 in Q2 2016. Its down -0.30, from 1.5 in 2016Q1. The ratio fall, as 9 institutional investors opened new or increased positions, while 6 decreased and sold their stock positions in Blackrock Muniyield California Fund Inc. The institutional investors in our partner’s database now have: 1.75 million shares, down from 1.81 million shares in 2016Q1. Also, the number of institutional investors holding Blackrock Muniyield California Fund Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 5 Increased: 8 New Position: 1.

BlackRock MuniYield California Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $329.10 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.

The stock decreased 0.92% or $0.14 on November 17, hitting $15.03. BlackRock MuniYield California Fund Inc. (NYSE:MYC) has declined 11.90% since April 18, 2016 and is downtrending. It has underperformed by 16.33% the S&P500.

Karp Capital Management Corp holds 0.97% of its portfolio in BlackRock MuniYield California Fund Inc. for 83,450 shares. Hollencrest Securities Llc owns 159,511 shares or 0.43% of their US portfolio. Moreover, Apriem Advisors has 0.06% invested in the company for 10,450 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.04% in the stock. Reilly Financial Advisors Llc, a California-based fund reported 8,153 shares.#img1#

MYC Company Profile

BlackRock MuniYield California 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 MuniYield California Fund Inc. (NYSE:MYC) news were published by: Nasdaq.com which released: “Blackrock MuniYield California Insured Fund, Inc. (MCA) Ex-Dividend Date …” on November 09, 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, Seekingalpha.com published: “Tax-Free Income For Those Who Need It Most: California Municipal Bond CEFs” on October 15, 2015. More interesting news about BlackRock MuniYield California Fund Inc. (NYSE:MYC) were released by: Investorplace.com and their article: “Interest Rates Rattle Municipal Bond Fund Investors” published on October 21, 2016 as well as Barrons.com‘s news article titled: “These Funds Boast Yields as High as 9%” with publication date: June 13, 2015.

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By Richard Conner


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