Hollencrest Capital Management Purchases 81,115 Shares of BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Hollencrest Capital Management lifted its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 35.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,635 shares of the company’s stock after purchasing an additional 81,115 shares during the period. Hollencrest Capital Management owned 0.25% of BlackRock MuniHoldings California Quality Fund worth $3,199,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Rivernorth Capital Management LLC boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 55.2% in the fourth quarter. Rivernorth Capital Management LLC now owns 2,308,887 shares of the company’s stock valued at $24,474,000 after acquiring an additional 821,347 shares during the period. Allspring Global Investments Holdings LLC increased its position in 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 worth $11,442,000 after acquiring an additional 507,112 shares during the period. Advisors Asset Management Inc. increased its position in BlackRock MuniHoldings California Quality Fund by 51.8% during the fourth quarter. Advisors Asset Management Inc. now owns 1,351,242 shares of the company’s stock worth $14,323,000 after acquiring an additional 461,268 shares during the period. Fiera Capital Corp acquired a new stake in BlackRock MuniHoldings California Quality Fund in the 4th quarter worth about $4,665,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in BlackRock MuniHoldings California Quality Fund by 1,431.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock worth $3,715,000 after purchasing an additional 320,000 shares in the last quarter. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Trading Up 0.2%

NYSE MUC opened at $10.88 on Monday. The company has a 50 day moving average of $10.82 and a 200-day moving average of $10.79. BlackRock MuniHoldings California Quality Fund, Inc. has a 1-year low of $10.00 and a 1-year high of $11.16.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Tuesday, September 15th.

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.