BlackRock MuniHoldings California Quality Fund, Inc. (MUC) To Go Ex-Dividend on October 15th

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

BlackRock MuniHoldings California Quality Fund Stock Performance

MUC stock opened at $10.34 on Friday. BlackRock MuniHoldings California Quality Fund has a 52 week low of $10.20 and a 52 week high of $11.16. The company’s 50-day simple moving average is $10.69 and its 200 day simple moving average is $10.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MUC. Cerity Partners LLC increased its holdings in shares of BlackRock MuniHoldings California Quality Fund by 6.5% during the second quarter. Cerity Partners LLC now owns 43,407 shares of the company’s stock worth $449,000 after purchasing an additional 2,646 shares during the period. Jane Street Group LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the second quarter worth approximately $661,000. Bank of America Corp DE grew its position in BlackRock MuniHoldings California Quality Fund by 6.6% during the second quarter. Bank of America Corp DE now owns 1,625,091 shares of the company’s stock worth $16,820,000 after buying an additional 100,434 shares in the last quarter. WFA of San Diego LLC bought a new position in BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth $26,000. Finally, Nomura Holdings Inc. bought a new position in BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth $104,000. Institutional investors and hedge funds own 30.99% of the company’s stock.

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.