BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Reaches New 12-Month Low – What’s Next?

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUCGet Free Report) hit a new 52-week low on Tuesday . The company traded as low as $10.20 and last traded at $10.1660, with a volume of 5000 shares. The stock had previously closed at $10.28.

BlackRock MuniHoldings California Quality Fund Trading Down 1.2%

The stock’s 50-day simple moving average is $10.68 and its 200 day simple moving average is $10.73.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0535 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Elyxium Wealth LLC acquired a new position in shares of BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at about $69,000. Pasadena Private Wealth LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at about $106,000. Closed End Fund Advisors Inc. bought a new stake in BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at about $133,000. Meridian Investment Counsel Inc. bought a new stake in BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at about $134,000. Finally, Whittier Trust Co. acquired a new position in BlackRock MuniHoldings California Quality Fund during the 1st quarter worth approximately $141,000. 30.99% of the stock is currently owned by institutional investors.

About BlackRock MuniHoldings California Quality Fund

(Get Free Report)

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.

Further Reading

Receive News & Ratings for BlackRock MuniHoldings California Quality Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniHoldings California Quality Fund and related companies with MarketBeat.com's FREE daily email newsletter.