BlackRock MuniHoldings California Quality Fund, Inc. (MUC) to Issue Monthly Dividend of $0.05 on July 1st

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0535 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, June 15th.

BlackRock MuniHoldings California Quality Fund Stock Down 0.6%

Shares of NYSE MUC traded down $0.07 during mid-day trading on Friday, hitting $10.74. The company had a trading volume of 404,160 shares, compared to its average volume of 315,204. BlackRock MuniHoldings California Quality Fund has a 1-year low of $10.00 and a 1-year high of $11.04. The business’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $10.74.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of MUC. Rivernorth Capital Management LLC raised its stake in BlackRock MuniHoldings California Quality Fund by 55.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 2,308,887 shares of the company’s stock valued at $24,474,000 after buying an additional 821,347 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake 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 buying an additional 507,112 shares in the last quarter. Advisors Asset Management Inc. raised its stake in BlackRock MuniHoldings California Quality Fund by 51.8% in the fourth quarter. Advisors Asset Management Inc. now owns 1,351,242 shares of the company’s stock valued at $14,323,000 after buying an additional 461,268 shares in the last quarter. Fiera Capital Corp acquired a new stake in BlackRock MuniHoldings California Quality Fund in the fourth quarter valued at $4,665,000. Finally, Bank of America Corp DE raised 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 valued at $23,597,000 after buying an additional 393,995 shares in the last quarter. 30.99% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock MuniHoldings California Quality Fund

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.