BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Hits New 52-Week High at $11.48

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $11.48 and last traded at $11.47, with a volume of 60263 shares changing hands. The stock had previously closed at $11.39.

BlackRock MuniHoldings California Quality Fund Price Performance

The company’s fifty day simple moving average is $11.20 and its 200 day simple moving average is $11.03.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a $0.0485 dividend. This represents a $0.58 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Monday, September 16th.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several large investors have recently made changes to their positions in MUC. Choreo LLC increased its holdings in shares of BlackRock MuniHoldings California Quality Fund by 5.8% in the 2nd quarter. Choreo LLC now owns 41,135 shares of the company’s stock worth $453,000 after purchasing an additional 2,262 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 57.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock worth $71,000 after buying an additional 2,330 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in BlackRock MuniHoldings California Quality Fund by 242.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 4,800 shares of the company’s stock valued at $53,000 after acquiring an additional 3,400 shares during the period. Wedbush Securities Inc. increased its position in shares of BlackRock MuniHoldings California Quality Fund by 12.1% during the 2nd quarter. Wedbush Securities Inc. now owns 36,314 shares of the company’s stock valued at $403,000 after purchasing an additional 3,914 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 12.9% in the fourth quarter. Tortoise Investment Management LLC now owns 35,611 shares of the company’s stock worth $396,000 after buying an additional 4,062 shares during the last quarter. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

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.