BlackRock MuniHoldings California Quality Fund, Inc. $MUC Holdings Raised by D.A. Davidson & CO.

Key Points

• D.A. Davidson & Co. increased its MUC stake by 290.2% in the third quarter, bringing its holdings to 275,462 shares valued at approximately $2.69 million. Institutional investors collectively own 30.99% of the fund.
• MUC shares opened at $10.12, compared with a 12-month range of $9.51 to $11.16, and remain below their 200-day moving average of $10.60.
• The fund declared a monthly dividend of $0.0535 per share, equivalent to $0.64 annually and a 6.3% yield. MUC invests primarily in California municipal obligations to provide federally and California state tax-exempt income.

D.A. Davidson & CO. increased its stake in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Free Report) by 290.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,462 shares of the company's stock after acquiring an additional 204,871 shares during the quarter. D.A. Davidson & CO. owned approximately 0.22% of BlackRock MuniHoldings California Quality Fund worth $2,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 85.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company's stock valued at $11,442,000 after purchasing an additional 507,112 shares during the period. Bank of America Corp DE increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 21.0% in the first quarter. Bank of America Corp DE now owns 2,268,949 shares of the company's stock worth $23,597,000 after buying an additional 393,995 shares during the period. Hollencrest Capital Management increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 35.8% in the first quarter. Hollencrest Capital Management now owns 307,635 shares of the company's stock worth $3,199,000 after buying an additional 81,115 shares during the period. Western Wealth Management LLC bought a new stake in BlackRock MuniHoldings California Quality Fund during the 1st quarter valued at $633,000. Finally, Vivaldi Capital Management LP raised its holdings in BlackRock MuniHoldings California Quality Fund by 196.6% during the 1st quarter. Vivaldi Capital Management LP now owns 68,301 shares of the company's stock valued at $710,000 after buying an additional 45,276 shares during the last quarter. 30.99% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Price Performance

Shares of MUC opened at $10.12 on Tuesday. The firm has a fifty day simple moving average of $10.05 and a two-hundred day simple moving average of $10.60. BlackRock MuniHoldings California Quality Fund, Inc. has a twelve month low of $9.51 and a twelve month high of $11.16.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0535 per share. This represents a $0.64 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, November 13th.

BlackRock MuniHoldings California Quality Fund Company Profile

BlackRock MuniHoldings California Quality Fund, Inc NYSE: MUC is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income that is exempt from U.S. federal income tax and California state personal income tax by investing primarily in municipal obligations issued by or on behalf of California municipalities and related public entities.

The fund's portfolio may include tax-exempt bonds and other debt securities that finance public infrastructure and essential services, such as transportation, education, healthcare, utilities and housing.

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