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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.0535 per share on Monday, November 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Thursday, October 15th.

BlackRock MuniHoldings California Quality Fund Stock Performance

BlackRock MuniHoldings California Quality Fund stock opened at $10.29 on Friday. The business has a 50 day simple moving average of $10.71 and a 200 day simple moving average of $10.73. BlackRock MuniHoldings California Quality Fund has a one year low of $10.20 and a one year high of $11.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MUC. PNC Financial Services Group Inc. lifted its stake in BlackRock MuniHoldings California Quality Fund by 1.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 68,791 shares of the company’s stock valued at $729,000 after buying an additional 997 shares during the period. Trilogy Capital Inc. increased its position in shares of BlackRock MuniHoldings California Quality Fund by 0.8% in the second quarter. Trilogy Capital Inc. now owns 168,900 shares of the company’s stock valued at $1,856,000 after acquiring an additional 1,301 shares during the last quarter. Equitable Holdings Inc. grew its holdings in BlackRock MuniHoldings California Quality Fund by 6.6% during the third quarter. Equitable Holdings Inc. now owns 24,862 shares of the company’s stock worth $270,000 after purchasing an additional 1,544 shares during the period. Van Hulzen Asset Management LLC lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 14.0% during the 4th quarter. Van Hulzen Asset Management LLC now owns 17,382 shares of the company’s stock worth $184,000 after buying an additional 2,130 shares during the last quarter. Finally, Hollencrest Capital Management boosted its stake in BlackRock MuniHoldings California Quality Fund by 1.0% in the 4th quarter. Hollencrest Capital Management now owns 226,520 shares of the company’s stock valued at $2,401,000 after purchasing an additional 2,302 shares during the period. 30.99% of the stock is owned by institutional investors.

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.