Advisors Asset Management Inc. Boosts Stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Advisors Asset Management Inc. raised its stake in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 6.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 518,713 shares of the company’s stock after buying an additional 30,594 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $5,976,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Fortitude Family Office LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the third quarter valued at approximately $48,000. Blue Bell Private Wealth Management LLC raised its holdings in BlackRock MuniHoldings California Quality Fund by 242.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 4,800 shares of the company’s stock valued at $53,000 after acquiring an additional 3,400 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 57.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock worth $71,000 after purchasing an additional 2,330 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the third quarter worth $118,000. Finally, Virtu Financial LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the first quarter valued at $119,000. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Trading Up 0.3 %

Shares of MUC stock opened at $10.97 on Friday. The firm’s 50-day simple moving average is $11.32 and its 200-day simple moving average is $11.17. BlackRock MuniHoldings California Quality Fund, Inc. has a 1-year low of $10.35 and a 1-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 Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.0535 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock MuniHoldings California Quality Fund Company 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.