Hollencrest Capital Management Trims Stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Hollencrest Capital Management lowered its stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 77.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 205,646 shares of the company’s stock after selling 720,672 shares during the quarter. Hollencrest Capital Management owned approximately 0.21% of BlackRock MuniHoldings California Quality Fund worth $2,186,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rivernorth Capital Management LLC lifted its stake in BlackRock MuniHoldings California Quality Fund by 7.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company’s stock valued at $29,233,000 after buying an additional 167,785 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 6.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 518,713 shares of the company’s stock worth $5,976,000 after purchasing an additional 30,594 shares during the period. Dakota Wealth Management lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 43.5% during the 4th quarter. Dakota Wealth Management now owns 186,176 shares of the company’s stock worth $1,979,000 after purchasing an additional 56,400 shares during the period. Atria Wealth Solutions Inc. grew its stake in shares of BlackRock MuniHoldings California Quality Fund by 30.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 167,437 shares of the company’s stock valued at $1,780,000 after acquiring an additional 38,842 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of BlackRock MuniHoldings California Quality Fund by 0.9% during the third quarter. Rockefeller Capital Management L.P. now owns 116,529 shares of the company’s stock valued at $1,342,000 after acquiring an additional 1,072 shares in the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of BlackRock MuniHoldings California Quality Fund stock opened at $10.87 on Wednesday. The business has a 50-day moving average of $10.85 and a 200-day moving average of $11.09. BlackRock MuniHoldings California Quality Fund, Inc. has a 1-year low of $10.52 and a 1-year high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 5.91%.

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.