Western Wealth Management LLC Invests $633,000 in BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Western Wealth Management LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 60,865 shares of the company’s stock, valued at approximately $633,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MUC. Bank of America Corp DE increased its stake in 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 valued at $23,597,000 after acquiring an additional 393,995 shares during the last quarter. Royal Bank of Canada lifted its stake in BlackRock MuniHoldings California Quality Fund by 32.8% during the first quarter. Royal Bank of Canada now owns 181,076 shares of the company’s stock worth $1,883,000 after purchasing an additional 44,769 shares during the last quarter. Vivaldi Capital Management LP boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 196.6% in the 1st quarter. Vivaldi Capital Management LP now owns 68,301 shares of the company’s stock worth $710,000 after purchasing an additional 45,276 shares in the last quarter. Hollencrest Capital Management boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 35.8% in the 1st quarter. Hollencrest Capital Management now owns 307,635 shares of the company’s stock worth $3,199,000 after purchasing an additional 81,115 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 85.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock worth $11,442,000 after purchasing an additional 507,112 shares in the last quarter. 30.99% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Trading Up 0.8%

Shares of BlackRock MuniHoldings California Quality Fund stock opened at $10.87 on Friday. BlackRock MuniHoldings California Quality Fund, Inc. has a 12 month low of $10.08 and a 12 month high of $11.16. The business’s 50-day moving average price is $10.83 and its 200-day moving average price is $10.78.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given 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.