BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Hits New 1-Year Low – Here’s What Happened

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $9.61 and last traded at $9.66, with a volume of 867408 shares trading hands. The stock had previously closed at $9.82.

BlackRock MuniHoldings California Quality Fund Stock Up 1.0%

The business’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $10.65.

BlackRock MuniHoldings California Quality Fund Announces Dividend

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

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its stake in 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. Fiera Capital Corp purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter worth $4,665,000. Bank of America Corp DE lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 21.0% during 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 during the last quarter. Trilogy Capital Inc. bought a new stake in BlackRock MuniHoldings California Quality Fund during the first quarter valued at about $1,743,000. Finally, Rareview Capital LLC grew its stake 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 purchasing an additional 158,298 shares during the last quarter. 30.99% of the stock is owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund, Inc is a closed-end management investment company 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 a portfolio of municipal obligations issued by or on behalf of California municipalities and other qualifying public entities.

The fund’s investments may include bonds and other fixed-income securities that finance public infrastructure and services, such as schools, transportation systems, utilities, hospitals and other governmental or community projects.