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

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $10.53 and last traded at $10.56, with a volume of 54942 shares. The stock had previously closed at $10.60.

BlackRock MuniHoldings California Quality Fund Trading Down 0.6 %

The stock’s fifty day moving average price is $11.16 and its 200-day moving average price is $11.22.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0535 per share. The ex-dividend date is Monday, December 16th. This represents a $0.64 annualized dividend and a yield of 6.09%.

Hedge Funds Weigh In On BlackRock MuniHoldings California Quality Fund

Several large investors have recently modified their holdings of MUC. Fortitude Family Office LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth about $48,000. Blue Bell Private Wealth Management LLC lifted its stake in BlackRock MuniHoldings California Quality Fund by 242.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 4,800 shares of the company’s stock worth $53,000 after acquiring an additional 3,400 shares during the last quarter. Wolverine Asset Management LLC grew its stake in shares of BlackRock MuniHoldings California Quality Fund by 57.4% during the second quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock worth $71,000 after purchasing an additional 2,330 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at about $118,000. Finally, Ackerman Capital Advisors LLC purchased a new position in BlackRock MuniHoldings California Quality Fund in the third quarter valued at approximately $236,000. Institutional investors and hedge funds own 30.99% of the company’s stock.

About BlackRock MuniHoldings California Quality Fund

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.