BlackRock MuniHoldings California Quality Fund (NYSE:MUC) Hits New 1-Year High – Still a Buy?

BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)’s stock price reached a new 52-week high on Thursday . The company traded as high as $11.05 and last traded at $11.0750, with a volume of 32017 shares traded. The stock had previously closed at $11.01.

BlackRock MuniHoldings California Quality Fund Price Performance

The company’s 50 day moving average is $10.79 and its 200-day moving average is $10.76.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

Institutional Trading of BlackRock MuniHoldings California Quality Fund

A number of hedge funds have recently made changes to their positions in the stock. WFA of San Diego LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the second quarter valued at $26,000. Elyxium Wealth LLC bought a new stake in BlackRock MuniHoldings California Quality Fund in the fourth quarter worth $69,000. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the second quarter worth $104,000. Pasadena Private Wealth LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the fourth quarter worth $106,000. Finally, Moody National Bank Trust Division bought a new position in shares of BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at $114,000. 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.