Wells Fargo & Company MN Boosts Stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Wells Fargo & Company MN lifted its stake in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 748,692 shares of the company's stock after acquiring an additional 30,963 shares during the quarter. Wells Fargo & Company MN owned approximately 0.78% of BlackRock MuniHoldings California Quality Fund worth $7,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atala Financial Inc bought a new position in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter worth about $2,672,000. Rivernorth Capital Management LLC increased its holdings in BlackRock MuniHoldings California Quality Fund by 7.1% in the third quarter. Rivernorth Capital Management LLC now owns 2,537,611 shares of the company's stock worth $29,233,000 after purchasing an additional 167,785 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in BlackRock MuniHoldings California Quality Fund by 255.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 96,220 shares of the company's stock valued at $1,023,000 after buying an additional 69,136 shares during the period. Dakota Wealth Management boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 43.5% during the 4th quarter. Dakota Wealth Management now owns 186,176 shares of the company's stock worth $1,979,000 after buying an additional 56,400 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 10.7% during the 4th quarter. Advisors Asset Management Inc. now owns 574,270 shares of the company's stock worth $6,104,000 after buying an additional 55,557 shares in the last quarter. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of NYSE:MUC traded up $0.10 during mid-day trading on Wednesday, hitting $10.34. The company had a trading volume of 15,946 shares, compared to its average volume of 244,612. BlackRock MuniHoldings California Quality Fund, Inc. has a one year low of $9.97 and a one year high of $11.64. The firm has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.90.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.64 annualized dividend and a dividend yield of 6.21%.

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.