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

Hennion & Walsh Asset Management Inc. trimmed its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,151 shares of the company’s stock after selling 10,888 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $2,914,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in BlackRock MuniHoldings California Quality Fund during the third quarter valued at approximately $25,000. Fortitude Family Office LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 3rd quarter valued at $48,000. Oppenheimer & Co. Inc. bought a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter valued at $118,000. Ackerman Capital Advisors LLC purchased a new position in BlackRock MuniHoldings California Quality Fund in the 3rd quarter worth $236,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in BlackRock MuniHoldings California Quality Fund in the second quarter worth $271,000. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE MUC opened at $10.62 on Friday. The company has a 50-day simple moving average of $10.95 and a two-hundred day simple moving average of $11.17. BlackRock MuniHoldings California Quality Fund, Inc. has a 12-month low of $10.52 and a 12-month high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0535 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date is Wednesday, January 15th.

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.