Allspring Global Investments Holdings LLC Acquires Shares of 504,827 BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Allspring Global Investments Holdings LLC purchased a new stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 504,827 shares of the company’s stock, valued at approximately $5,477,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MUC. Baird Financial Group Inc. boosted its stake in BlackRock MuniHoldings California Quality Fund by 37.7% in the first quarter. Baird Financial Group Inc. now owns 38,079 shares of the company’s stock worth $408,000 after purchasing an additional 10,416 shares in the last quarter. Channel Wealth LLC raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 2.1% in the second quarter. Channel Wealth LLC now owns 84,482 shares of the company’s stock valued at $874,000 after buying an additional 1,749 shares during the last quarter. Melfa Wealth Management Inc. lifted its position in BlackRock MuniHoldings California Quality Fund by 10.2% during the 2nd quarter. Melfa Wealth Management Inc. now owns 105,202 shares of the company’s stock worth $1,089,000 after buying an additional 9,750 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth about $28,000. Finally, Diligent Investors LLC grew its holdings in BlackRock MuniHoldings California Quality Fund by 7.2% during the 2nd quarter. Diligent Investors LLC now owns 180,928 shares of the company’s stock worth $1,873,000 after acquiring an additional 12,135 shares during the last quarter. 30.99% of the stock is owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Trading Up 0.5%

Shares of MUC stock opened at $10.70 on Wednesday. BlackRock MuniHoldings California Quality Fund, Inc. has a 1 year low of $9.97 and a 1 year high of $11.20. The firm’s 50 day moving average is $10.70 and its 200-day moving average is $10.54.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

BlackRock MuniHoldings California Quality Fund 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.