BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Stock Price Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $9.97 and traded as low as $9.90. BlackRock MuniHoldings California Quality Fund shares last traded at $9.9250, with a volume of 875,077 shares changing hands.

BlackRock MuniHoldings California Quality Fund Trading Down 0.7%

The stock has a 50-day moving average of $9.97 and a 200 day moving average of $10.57.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.64 annualized dividend and a dividend yield of 6.5%.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Hedge funds have recently made changes to their positions in the business. Ieq Capital LLC grew its position in BlackRock MuniHoldings California Quality Fund by 5.5% during the third quarter. Ieq Capital LLC now owns 19,100 shares of the company’s stock valued at $186,000 after buying an additional 1,000 shares during the period. Trilogy Capital Inc. boosted its stake in BlackRock MuniHoldings California Quality Fund by 0.8% in the second quarter. Trilogy Capital Inc. now owns 168,900 shares of the company’s stock valued at $1,856,000 after acquiring an additional 1,301 shares during the last quarter. Myecfo LLC boosted its stake in BlackRock MuniHoldings California Quality Fund by 2.0% in the third quarter. Myecfo LLC now owns 75,350 shares of the company’s stock valued at $735,000 after acquiring an additional 1,512 shares during the last quarter. Decision Investments Inc. boosted its stake in BlackRock MuniHoldings California Quality Fund by 14.3% in the third quarter. Decision Investments Inc. now owns 16,029 shares of the company’s stock valued at $156,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Van Hulzen Asset Management LLC grew its position in shares of BlackRock MuniHoldings California Quality Fund by 14.8% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 20,532 shares of the company’s stock valued at $226,000 after acquiring an additional 2,650 shares during the period. 30.99% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund, Inc. is a closed-end investment fund managed by BlackRock Advisors, LLC. It seeks to provide high current income that is exempt from regular federal income taxes and California personal income taxes, while also seeking to preserve capital. The fund invests primarily in municipal bonds issued by California state and local governments and public entities. These bonds may finance public services and infrastructure, and their interest payments are generally exempt from the taxes described in the fund’s objective, subject to applicable tax rules.