Ballast Rock Private Wealth LLC Raises Stock Holdings in BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Ballast Rock Private Wealth LLC raised its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 118.6% during the 1st quarter, Holdings Channel reports. The fund owned 91,705 shares of the company’s stock after purchasing an additional 49,752 shares during the period. Ballast Rock Private Wealth LLC’s holdings in BlackRock MuniHoldings California Quality Fund were worth $959,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MUC. Cerity Partners LLC increased its stake in BlackRock MuniHoldings California Quality Fund by 6.5% during the second quarter. Cerity Partners LLC now owns 43,407 shares of the company’s stock worth $449,000 after acquiring an additional 2,646 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter valued at approximately $661,000. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 6.6% in the 2nd quarter. Bank of America Corp DE now owns 1,625,091 shares of the company’s stock worth $16,820,000 after purchasing an additional 100,434 shares during the period. WFA of San Diego LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter worth approximately $26,000. Finally, Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter worth approximately $104,000. 30.99% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Price Performance

NYSE MUC opened at $10.85 on Monday. The business’s 50 day moving average price is $10.76 and its 200-day moving average price is $10.75. BlackRock MuniHoldings California Quality Fund, Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $11.04.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently disclosed 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. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.