BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC – Get Free Report)’s stock price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $10.06 and traded as high as $10.10. BlackRock MuniHoldings California Quality Fund shares last traded at $10.0750, with a volume of 477,152 shares.
BlackRock MuniHoldings California Quality Fund Trading Up 0.4%
The business’s fifty day moving average is $10.05 and its 200 day moving average is $10.60.
BlackRock MuniHoldings California Quality Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.4%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Bank of America Corp DE raised its position in BlackRock MuniHoldings California Quality Fund by 21.0% in the first quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock valued at $23,597,000 after purchasing an additional 393,995 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 85.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock valued at $11,442,000 after buying an additional 507,112 shares during the period. Western Wealth Management LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund in the first quarter valued at approximately $633,000. Rareview Capital LLC grew its position in BlackRock MuniHoldings California Quality Fund by 628.0% in the first quarter. Rareview Capital LLC now owns 183,505 shares of the company’s stock valued at $1,899,000 after acquiring an additional 158,298 shares in the last quarter. Finally, Hollencrest Capital Management raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 35.8% during the first quarter. Hollencrest Capital Management now owns 307,635 shares of the company’s stock valued at $3,199,000 after purchasing an additional 81,115 shares during the period. 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 (NYSE: MUC) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income that is exempt from U.S. federal income tax and California state personal income tax by investing primarily in municipal obligations issued by or on behalf of California municipalities and related public entities.
The fund’s portfolio may include tax-exempt bonds and other debt securities that finance public infrastructure and essential services, such as transportation, education, healthcare, utilities and housing.
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