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BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Reaches New 12-Month Low - Here's What Happened

BlackRock MuniHoldings California Quality Fund logo with Finance background

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $10.50 and last traded at $10.49, with a volume of 35566 shares. The stock had previously closed at $10.58.

BlackRock MuniHoldings California Quality Fund Price Performance

The company's 50-day simple moving average is $10.80 and its 200 day simple moving average is $10.96.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.0535 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.64 dividend on an annualized basis and a yield of 6.26%.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Several large investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. grew its position in shares of BlackRock MuniHoldings California Quality Fund by 30.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 167,437 shares of the company's stock worth $1,780,000 after buying an additional 38,842 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in BlackRock MuniHoldings California Quality Fund by 10.7% during the 4th quarter. Advisors Asset Management Inc. now owns 574,270 shares of the company's stock worth $6,104,000 after acquiring an additional 55,557 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at approximately $248,000. PNC Financial Services Group Inc. raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 255.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 96,220 shares of the company's stock valued at $1,023,000 after purchasing an additional 69,136 shares in the last quarter. Finally, Dakota Wealth Management lifted its position in shares of BlackRock MuniHoldings California Quality Fund by 43.5% during the 4th quarter. Dakota Wealth Management now owns 186,176 shares of the company's stock worth $1,979,000 after purchasing an additional 56,400 shares during the last quarter. Hedge funds and other institutional investors own 30.99% of the company's stock.

About BlackRock MuniHoldings California Quality Fund

(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

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