BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Reaches New 52-Week Low – Time to Sell?

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

BlackRock MuniHoldings California Quality Fund Price Performance

The business’s fifty day moving average is $10.96 and its 200 day moving average is $11.17.

BlackRock MuniHoldings California Quality Fund Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in BlackRock MuniHoldings California Quality Fund during the second quarter valued at about $4,308,000. Rivernorth Capital Management LLC raised its position in shares of BlackRock MuniHoldings California Quality Fund by 7.1% in the third quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company’s stock valued at $29,233,000 after purchasing an additional 167,785 shares during the period. Creative Planning lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 201.5% during the 2nd quarter. Creative Planning now owns 57,242 shares of the company’s stock valued at $635,000 after buying an additional 38,254 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in BlackRock MuniHoldings California Quality Fund by 6.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 518,713 shares of the company’s stock worth $5,976,000 after buying an additional 30,594 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at approximately $340,000. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Company Profile

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.