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BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Reaches New 12-Month Low - Should You Sell?

BlackRock MuniHoldings California Quality Fund logo with Finance background

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report)'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 traded. The stock had previously closed at $10.63.

BlackRock MuniHoldings California Quality Fund Trading Down 0.8 %

The business's fifty day moving average price is $10.98 and its 200 day moving average price is $11.18.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued 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.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several institutional investors have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 7.1% during the third quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company's stock worth $29,233,000 after buying an additional 167,785 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in BlackRock MuniHoldings California Quality Fund by 6.3% in the third quarter. Advisors Asset Management Inc. now owns 518,713 shares of the company's stock valued at $5,976,000 after acquiring an additional 30,594 shares during the last quarter. Sanctuary Advisors LLC bought a new position in BlackRock MuniHoldings California Quality Fund in the second quarter valued at approximately $4,308,000. Rockefeller Capital Management L.P. boosted its stake in BlackRock MuniHoldings California Quality Fund by 0.9% in the third quarter. Rockefeller Capital Management L.P. now owns 116,529 shares of the company's stock valued at $1,342,000 after acquiring an additional 1,072 shares during the last quarter. Finally, Intellectus Partners LLC boosted its stake in BlackRock MuniHoldings California Quality Fund by 5.0% in the third quarter. Intellectus Partners LLC now owns 83,226 shares of the company's stock valued at $963,000 after acquiring an additional 3,994 shares during the last quarter. 30.99% of the stock is owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Company Profile

(Get Free Report)

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.

Further Reading

Should You Invest $1,000 in BlackRock MuniHoldings California Quality Fund Right Now?

Before you consider BlackRock MuniHoldings California Quality Fund, you'll want to hear this.

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While BlackRock MuniHoldings California Quality Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

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