D.A. Davidson & CO. Takes Position in BlackRock MuniHoldings California Quality Fund, Inc. $MUC

D.A. Davidson & CO. bought a new stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 59,490 shares of the company’s stock, valued at approximately $619,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC boosted its position in BlackRock MuniHoldings California Quality Fund by 7.9% during the 1st quarter. Sanctuary Advisors LLC now owns 467,786 shares of the company’s stock worth $4,865,000 after purchasing an additional 34,327 shares during the period. Avantax Planning Partners Inc. bought a new stake in BlackRock MuniHoldings California Quality Fund during the first quarter worth approximately $188,000. NWF Advisory Services Inc. raised its holdings in BlackRock MuniHoldings California Quality Fund by 22.5% during the first quarter. NWF Advisory Services Inc. now owns 22,002 shares of the company’s stock worth $229,000 after purchasing an additional 4,044 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund in the first quarter worth approximately $166,000. Finally, Meridian Investment Counsel Inc. acquired a new stake in BlackRock MuniHoldings California Quality Fund in the first quarter worth approximately $134,000. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Down 0.3%

Shares of NYSE MUC opened at $10.66 on Friday. BlackRock MuniHoldings California Quality Fund, Inc. has a 1 year low of $10.00 and a 1 year high of $11.16. The stock has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $10.79.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a 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.