Western Wealth Management LLC Lowers Position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Western Wealth Management LLC lessened its position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,637 shares of the company’s stock after selling 10,799 shares during the quarter. Western Wealth Management LLC owned approximately 0.10% of BlackRock MuniHoldings California Quality Fund worth $1,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MUC. Saba Capital Management L.P. raised its stake in BlackRock MuniHoldings California Quality Fund by 93.2% during the third quarter. Saba Capital Management L.P. now owns 3,874,186 shares of the company’s stock valued at $37,037,000 after buying an additional 1,868,475 shares during the last quarter. Morgan Stanley raised its stake in BlackRock MuniHoldings California Quality Fund by 19.3% during the fourth quarter. Morgan Stanley now owns 4,718,035 shares of the company’s stock valued at $50,672,000 after buying an additional 762,169 shares during the last quarter. Logan Stone Capital LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at $7,528,000. Karpus Management Inc. raised its stake in BlackRock MuniHoldings California Quality Fund by 17.6% during the third quarter. Karpus Management Inc. now owns 3,541,791 shares of the company’s stock valued at $33,860,000 after buying an additional 529,289 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in BlackRock MuniHoldings California Quality Fund by 107.9% during the second quarter. Wells Fargo & Company MN now owns 848,960 shares of the company’s stock valued at $10,163,000 after buying an additional 440,672 shares during the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Trading Up 0.1 %

Shares of NYSE:MUC opened at $10.68 on Friday. The stock has a fifty day simple moving average of $11.00 and a two-hundred day simple moving average of $10.66. BlackRock MuniHoldings California Quality Fund, Inc. has a 12-month low of $9.19 and a 12-month high of $11.30.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.0485 dividend. This represents a $0.58 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Friday, April 12th.

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.