Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 42,762 shares of the company's stock, valued at approximately $455,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth about $55,000. Whipplewood Advisors LLC purchased a new position in BlackRock MuniHoldings California Quality Fund in the fourth quarter valued at about $117,000. Octavia Wealth Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter valued at approximately $120,000. Finally, Southern Style Financial Inc. purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter worth approximately $124,000. Hedge funds and other institutional investors own 30.99% of the company's stock.
BlackRock MuniHoldings California Quality Fund Trading Up 1.6 %
Shares of MUC stock traded up $0.16 during mid-day trading on Friday, reaching $10.25. The stock had a trading volume of 318,127 shares, compared to its average volume of 258,650. The business has a 50-day simple moving average of $10.80 and a 200 day simple moving average of $10.96. BlackRock MuniHoldings California Quality Fund, Inc. has a 12-month low of $9.97 and a 12-month high of $11.64.
BlackRock MuniHoldings California Quality Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0535 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.26%.
BlackRock MuniHoldings California Quality Fund Company Profile
(
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.
See Also
Before you consider BlackRock MuniHoldings California Quality Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniHoldings California Quality Fund wasn't on the list.
While BlackRock MuniHoldings California Quality Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
