Destination Wealth Management Buys 13,995 Shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Destination Wealth Management raised its stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 32.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,048 shares of the company’s stock after buying an additional 13,995 shares during the period. Destination Wealth Management owned about 0.06% of BlackRock MuniHoldings California Quality Fund worth $606,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MUC. Rivernorth Capital Management LLC grew its position in shares of BlackRock MuniHoldings California Quality Fund by 7.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company’s stock valued at $29,233,000 after buying an additional 167,785 shares during the last quarter. Dakota Wealth Management boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 43.5% during the 4th quarter. Dakota Wealth Management now owns 186,176 shares of the company’s stock valued at $1,979,000 after purchasing an additional 56,400 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth approximately $455,000. Atria Wealth Solutions Inc. grew its stake in BlackRock MuniHoldings California Quality Fund by 30.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 167,437 shares of the company’s stock worth $1,780,000 after purchasing an additional 38,842 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in BlackRock MuniHoldings California Quality Fund by 6.3% during the third quarter. Advisors Asset Management Inc. now owns 518,713 shares of the company’s stock worth $5,976,000 after purchasing an additional 30,594 shares during the period. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Down 0.9 %

NYSE MUC opened at $10.93 on Friday. The business has a 50 day simple moving average of $10.83 and a 200 day simple moving average of $11.10. BlackRock MuniHoldings California Quality Fund, Inc. has a one year low of $10.52 and a one year high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a yield of 5.88%.

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.