Sit Investment Associates Inc. Has $1.34 Million Stake in BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Sit Investment Associates Inc. lowered its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 92.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,740 shares of the company’s stock after selling 1,594,922 shares during the period. Sit Investment Associates Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $1,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rivernorth Capital Management LLC increased its holdings in BlackRock MuniHoldings California Quality Fund by 55.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 2,308,887 shares of the company’s stock valued at $24,474,000 after purchasing an additional 821,347 shares during the period. Advisors Asset Management Inc. lifted its holdings in BlackRock MuniHoldings California Quality Fund by 51.8% during the 4th quarter. Advisors Asset Management Inc. now owns 1,351,242 shares of the company’s stock worth $14,323,000 after buying an additional 461,268 shares during the period. Fiera Capital Corp bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at about $4,665,000. Northwestern Mutual Wealth Management Co. grew its position in shares of BlackRock MuniHoldings California Quality Fund by 1,431.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock valued at $3,715,000 after buying an additional 320,000 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 9.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,479,122 shares of the company’s stock valued at $26,279,000 after buying an additional 208,561 shares during the period. Institutional investors and hedge funds own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of MUC opened at $10.85 on Friday. The business has a 50-day moving average of $10.76 and a 200-day moving average of $10.75. BlackRock MuniHoldings California Quality Fund, Inc. has a 1 year low of $10.00 and a 1 year high of $11.04.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock MuniHoldings California Quality Fund

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.