Raymond James Financial Inc. Purchases Shares of 42,762 BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Raymond James Financial Inc. bought a new position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 42,762 shares of the company's stock, valued at approximately $455,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MUC. Wells Fargo & Company MN grew its position in shares of BlackRock MuniHoldings California Quality Fund by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 748,692 shares of the company's stock valued at $7,959,000 after purchasing an additional 30,963 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of BlackRock MuniHoldings California Quality Fund by 10.7% during the fourth quarter. Advisors Asset Management Inc. now owns 574,270 shares of the company's stock worth $6,104,000 after acquiring an additional 55,557 shares during the period. Atala Financial Inc bought a new stake in BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at $2,672,000. Dakota Wealth Management boosted its stake in BlackRock MuniHoldings California Quality Fund by 43.5% in 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. Finally, Evoke Wealth LLC increased its holdings in BlackRock MuniHoldings California Quality Fund by 13.2% during the 4th quarter. Evoke Wealth LLC now owns 171,503 shares of the company's stock worth $1,823,000 after purchasing an additional 20,000 shares in the last quarter. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Up 0.3%

Shares of MUC stock traded up $0.03 on Tuesday, hitting $10.56. 144,904 shares of the stock were exchanged, compared to its average volume of 253,101. The business has a 50-day moving average of $10.56 and a 200 day moving average of $10.81. BlackRock MuniHoldings California Quality Fund, Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.0535 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.64 annualized dividend and a yield of 6.08%.

BlackRock MuniHoldings California Quality Fund Profile

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.