Melfa Wealth Management Inc. Purchases 5,750 Shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Melfa Wealth Management Inc. raised its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 6.4% in the fourth quarter, Holdings Channel reports. The fund owned 95,452 shares of the company’s stock after buying an additional 5,750 shares during the quarter. Melfa Wealth Management Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $1,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV bought a new stake in BlackRock MuniHoldings California Quality Fund during the 2nd quarter valued at approximately $271,000. Creative Planning boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 201.5% in the second quarter. Creative Planning now owns 57,242 shares of the company’s stock valued at $635,000 after acquiring an additional 38,254 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the second quarter worth $4,308,000. Litman Gregory Wealth Management LLC increased its position in BlackRock MuniHoldings California Quality Fund by 108.0% during the third quarter. Litman Gregory Wealth Management LLC now owns 36,615 shares of the company’s stock worth $422,000 after acquiring an additional 19,015 shares during the period. Finally, Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniHoldings California Quality Fund during the 3rd quarter valued at $236,000. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE MUC opened at $10.73 on Wednesday. The company’s fifty day moving average is $10.91 and its two-hundred day moving average is $11.16. BlackRock MuniHoldings California Quality Fund, Inc. has a 52-week low of $10.52 and a 52-week 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 dividend of $0.0535 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date 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.