BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) Announces Monthly Dividend of $0.05

Key Points

• BlackRock MuniHoldings California Quality Fund declared a monthly dividend of $0.0535 per share, payable September 1 to shareholders of record on August 14. The dividend carries an annualized yield of approximately 6.0%.
• MUC opened at $10.79, near its 50-day moving average of $10.82 and 200-day moving average of $10.78; its 52-week trading range is $10.08 to $11.16.
• Institutional ownership stands at 30.99%, with several investment firms increasing or initiating positions during the first quarter. The closed-end fund invests primarily in investment-grade California municipal bonds offering federal and California tax-exempt income.

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) declared a monthly dividend on Friday, June 5th. Investors of record on Friday, August 14th will be paid a dividend of 0.0535 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, August 14th.

BlackRock MuniHoldings California Quality Fund Price Performance

MUC stock opened at $10.79 on Wednesday. BlackRock MuniHoldings California Quality Fund has a 52-week low of $10.08 and a 52-week high of $11.16. The business has a fifty day moving average of $10.82 and a two-hundred day moving average of $10.78.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position 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 purchasing an additional 507,112 shares during the period. Rareview Capital LLC lifted its stake in BlackRock MuniHoldings California Quality Fund by 628.0% during the first quarter. Rareview Capital LLC now owns 183,505 shares of the company's stock worth $1,899,000 after purchasing an additional 158,298 shares in the last quarter. Trilogy Capital Inc. purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the first quarter worth $1,743,000. Hollencrest Capital Management boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 35.8% during the first quarter. Hollencrest Capital Management now owns 307,635 shares of the company's stock worth $3,199,000 after buying an additional 81,115 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the first quarter valued at $619,000. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Company Profile

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.

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