Hennion & Walsh Asset Management Inc. Cuts Stock Position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Hennion & Walsh Asset Management Inc. trimmed its holdings in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,039 shares of the company’s stock after selling 8,789 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.30% of BlackRock MuniHoldings California Quality Fund worth $3,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC lifted its holdings in BlackRock MuniHoldings California Quality Fund by 242.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 4,800 shares of the company’s stock worth $53,000 after purchasing an additional 3,400 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 57.4% during the second quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock worth $71,000 after acquiring an additional 2,330 shares during the last quarter. Virtu Financial LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the first quarter valued at $119,000. B. Riley Wealth Advisors Inc. increased its holdings in BlackRock MuniHoldings California Quality Fund by 37.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,822 shares of the company’s stock valued at $207,000 after acquiring an additional 5,159 shares during the last quarter. Finally, Cypress Wealth Services LLC purchased a new stake in BlackRock MuniHoldings California Quality Fund in the 1st quarter worth $259,000. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Price Performance

MUC opened at $11.18 on Friday. BlackRock MuniHoldings California Quality Fund, Inc. has a 52 week low of $9.19 and a 52 week high of $11.64. The firm has a 50-day simple moving average of $11.40 and a two-hundred day simple moving average of $11.12.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.0535 per share. This represents a $0.64 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05.

BlackRock MuniHoldings California Quality Fund Company 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.