BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Hits New 52-Week High at $11.62

Shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) reached a new 52-week high on Tuesday . The company traded as high as $11.62 and last traded at $11.62, with a volume of 31482 shares. The stock had previously closed at $11.52.

BlackRock MuniHoldings California Quality Fund Stock Performance

The stock’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $11.07.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0535 per share. This is a positive change from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05. This represents a $0.64 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Tuesday, October 15th.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

Large investors have recently bought and sold shares of the company. Choreo LLC grew its position in BlackRock MuniHoldings California Quality Fund by 5.8% during the second quarter. Choreo LLC now owns 41,135 shares of the company’s stock valued at $453,000 after acquiring an additional 2,262 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in 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 purchasing an additional 2,330 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of 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 valued at $53,000 after buying an additional 3,400 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 12.1% in the second quarter. Wedbush Securities Inc. now owns 36,314 shares of the company’s stock worth $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% during the 4th quarter. Tortoise Investment Management LLC now owns 35,611 shares of the company’s stock valued at $396,000 after acquiring an additional 4,062 shares during the last quarter. 30.99% of the stock is 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.