Dakota Wealth Management Trims Stock Holdings in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Dakota Wealth Management lessened its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,776 shares of the company’s stock after selling 4,500 shares during the quarter. Dakota Wealth Management owned 0.14% of BlackRock MuniHoldings California Quality Fund worth $1,495,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MUC. Choreo LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the first quarter worth about $428,000. Robinson Capital Management LLC boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 12.8% in the 1st quarter. Robinson Capital Management LLC now owns 605,035 shares of the company’s stock valued at $6,492,000 after acquiring an additional 68,576 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 10.3% in the first quarter. Advisors Asset Management Inc. now owns 513,532 shares of the company’s stock worth $5,654,000 after acquiring an additional 48,065 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 37.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 18,822 shares of the company’s stock worth $207,000 after acquiring an additional 5,159 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the first quarter worth $119,000. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE MUC opened at $11.26 on Friday. The company has a fifty day moving average of $11.40 and a 200 day moving average of $11.13. BlackRock MuniHoldings California Quality Fund, Inc. has a 1 year low of $9.19 and a 1 year high of $11.64.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.0535 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Tuesday, October 15th. This is a boost from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05.

BlackRock MuniHoldings California Quality Fund Profile

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.