BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Hits New 1-Year Low – Time to Sell?

Shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) reached a new 52-week low during trading on Tuesday. The stock traded as low as $9.54 and last traded at $9.5840, with a volume of 113830 shares. The stock had previously closed at $9.64.

BlackRock MuniHoldings California Quality Fund Price Performance

The company has a 50-day moving average price of $10.39 and a 200-day moving average price of $10.63.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0535 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, December 11th.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

Several large investors have recently made changes to their positions in MUC. Allspring Global Investments Holdings LLC grew its stake in BlackRock MuniHoldings California Quality Fund by 85.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock valued at $11,442,000 after buying an additional 507,112 shares in the last quarter. Fiera Capital Corp purchased a new stake in BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at about $4,665,000. Bank of America Corp DE boosted its stake in BlackRock MuniHoldings California Quality Fund by 21.0% in the first quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock worth $23,597,000 after buying an additional 393,995 shares in the last quarter. Trilogy Capital Inc. bought a new stake in BlackRock MuniHoldings California Quality Fund in the first quarter worth $1,743,000. Finally, Rareview Capital LLC boosted its holdings in BlackRock MuniHoldings California Quality Fund by 628.0% during the 1st quarter. Rareview Capital LLC now owns 183,505 shares of the company’s stock valued at $1,899,000 after acquiring an additional 158,298 shares during the period. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol MUC. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax by investing primarily in municipal bonds and other municipal obligations.

The fund’s portfolio generally consists of investment-grade or otherwise creditworthy securities issued by California municipalities, public agencies and related governmental entities.