BlackRock MuniHoldings California Quality Fund, Inc. (MUC) To Go Ex-Dividend on May 15th

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) announced a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be given a dividend of 0.0535 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock MuniHoldings California Quality Fund Price Performance

Shares of MUC stock traded up $0.01 during mid-day trading on Wednesday, hitting $10.82. 21,442 shares of the company’s stock were exchanged, compared to its average volume of 262,378. BlackRock MuniHoldings California Quality Fund has a fifty-two week low of $10.00 and a fifty-two week high of $11.04. The stock has a 50-day simple moving average of $10.71 and a two-hundred day simple moving average of $10.76.

Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund

Hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC boosted its holdings in BlackRock MuniHoldings California Quality Fund by 55.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 2,308,887 shares of the company’s stock valued at $24,474,000 after acquiring an additional 821,347 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in BlackRock MuniHoldings California Quality Fund by 85.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock valued at $11,442,000 after acquiring an additional 507,112 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in BlackRock MuniHoldings California Quality Fund by 51.8% in the fourth quarter. Advisors Asset Management Inc. now owns 1,351,242 shares of the company’s stock valued at $14,323,000 after acquiring an additional 461,268 shares during the last quarter. Fiera Capital Corp acquired a new position in BlackRock MuniHoldings California Quality Fund in the fourth quarter valued at $4,665,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in BlackRock MuniHoldings California Quality Fund by 1,431.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock valued at $3,715,000 after acquiring an additional 320,000 shares during the last quarter. Institutional investors and hedge funds own 30.99% of the company’s stock.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund (NYSE: MUC) is a closed-end management investment company that seeks to provide high-quality, federally and California tax-exempt income. The fund primarily invests in investment-grade municipal obligations issued by or on behalf of entities located in California, including general obligation bonds and revenue bonds that finance public projects such as schools, transportation infrastructure and utilities.

The fund’s portfolio construction emphasizes credit quality and geographic concentration, targeting bonds rated at or above investment grade by nationally recognized statistical rating organizations.