BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.0485 per share on Wednesday, May 1st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Friday, April 12th.
BlackRock MuniHoldings California Quality Fund Price Performance
Shares of BlackRock MuniHoldings California Quality Fund stock traded down $0.02 on Wednesday, reaching $11.00. The company had a trading volume of 279,929 shares, compared to its average volume of 278,445. The firm's 50 day moving average price is $11.08 and its two-hundred day moving average price is $10.59. BlackRock MuniHoldings California Quality Fund has a 52-week low of $9.19 and a 52-week high of $11.30.
Institutional Investors Weigh In On BlackRock MuniHoldings California Quality Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley raised its stake in shares of BlackRock MuniHoldings California Quality Fund by 19.3% in the 4th quarter. Morgan Stanley now owns 4,718,035 shares of the company's stock valued at $50,672,000 after acquiring an additional 762,169 shares during the period. Guggenheim Capital LLC boosted its stake in BlackRock MuniHoldings California Quality Fund by 3.9% in the first quarter. Guggenheim Capital LLC now owns 1,178,881 shares of the company's stock valued at $15,420,000 after acquiring an additional 44,371 shares in the last quarter. Wells Fargo & Company MN boosted its stake in BlackRock MuniHoldings California Quality Fund by 107.9% in the second quarter. Wells Fargo & Company MN now owns 848,960 shares of the company's stock valued at $10,163,000 after acquiring an additional 440,672 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 4.7% in the first quarter. Bank of America Corp DE now owns 722,890 shares of the company's stock valued at $9,455,000 after buying an additional 32,508 shares during the last quarter. Finally, Logan Stone Capital LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the fourth quarter valued at about $7,528,000. 30.99% of the stock is owned by hedge funds and other institutional investors.
About BlackRock MuniHoldings California Quality Fund
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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.
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