BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Hits New 52-Week High at $11.57

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) hit a new 52-week high during trading on Tuesday . The company traded as high as $11.57 and last traded at $11.53, with a volume of 18018 shares changing hands. The stock had previously closed at $11.51.

BlackRock MuniHoldings California Quality Fund Price Performance

The company’s 50 day moving average price is $11.26 and its two-hundred day moving average price is $11.05.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.0535 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.54%. This is a positive change from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

A number of large investors have recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC boosted its stake in BlackRock MuniHoldings California Quality Fund by 242.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 4,800 shares of the company’s stock worth $53,000 after buying an additional 3,400 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 57.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock worth $71,000 after acquiring an additional 2,330 shares during the period. Centaurus Financial Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund during the 4th quarter valued at about $105,000. Sanders Morris Harris LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the first quarter valued at about $110,000. Finally, Virtu Financial LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the first quarter worth about $119,000. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock MuniHoldings California Quality Fund

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.