Ignite Planners LLC Trims Stock Holdings in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Ignite Planners LLC lowered its stake in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,025 shares of the company’s stock after selling 1,116 shares during the period. Ignite Planners LLC’s holdings in BlackRock MuniHoldings California Quality Fund were worth $2,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MUC. JPMorgan Chase & Co. purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth $25,000. Fortitude Family Office LLC acquired a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter valued at about $48,000. Oppenheimer & Co. Inc. purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth about $118,000. Ackerman Capital Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the third quarter worth approximately $236,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in BlackRock MuniHoldings California Quality Fund in the second quarter valued at approximately $271,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Down 0.8 %

Shares of MUC stock opened at $10.55 on Tuesday. The company has a 50 day moving average price of $10.97 and a 200 day moving average price of $11.18. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.0535 dividend. This represents a $0.64 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock MuniHoldings California Quality Fund

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.