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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) hit a new 52-week low on Monday . The company traded as low as $10.52 and last traded at $10.53, with a volume of 50336 shares trading hands. The stock had previously closed at $10.63.

BlackRock MuniHoldings California Quality Fund Trading Down 0.8 %

The business has a fifty day moving average of $10.98 and a 200 day moving average of $11.18.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0535 per share. This represents a $0.64 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

A number of hedge funds have recently added to or reduced their stakes in MUC. Rockefeller Capital Management L.P. increased its position in shares of BlackRock MuniHoldings California Quality Fund by 0.9% during the third quarter. Rockefeller Capital Management L.P. now owns 116,529 shares of the company’s stock worth $1,342,000 after acquiring an additional 1,072 shares during the period. JPMorgan Chase & Co. purchased a new stake in BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth about $25,000. Choreo LLC raised its position in BlackRock MuniHoldings California Quality Fund by 5.8% in the 2nd quarter. Choreo LLC now owns 41,135 shares of the company’s stock valued at $453,000 after purchasing an additional 2,262 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in BlackRock MuniHoldings California Quality Fund by 9.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 27,878 shares of the company’s stock valued at $321,000 after purchasing an additional 2,459 shares in the last quarter. Finally, Intellectus Partners LLC boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 5.0% in the 3rd quarter. Intellectus Partners LLC now owns 83,226 shares of the company’s stock valued at $963,000 after buying an additional 3,994 shares during the period. 30.99% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniHoldings California Quality Fund

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