Hennion & Walsh Asset Management Inc. Sells 8,789 Shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Hennion & Walsh Asset Management Inc. trimmed its stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 3.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,039 shares of the company’s stock after selling 8,789 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $3,284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Litman Gregory Wealth Management LLC raised its holdings in BlackRock MuniHoldings California Quality Fund by 108.0% during the 3rd quarter. Litman Gregory Wealth Management LLC now owns 36,615 shares of the company’s stock valued at $422,000 after buying an additional 19,015 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the second quarter valued at $4,308,000. Creative Planning lifted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 201.5% in the 2nd quarter. Creative Planning now owns 57,242 shares of the company’s stock worth $635,000 after acquiring an additional 38,254 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth about $271,000. Finally, Perennial Investment Advisors LLC grew its holdings in BlackRock MuniHoldings California Quality Fund by 86.5% during the 2nd quarter. Perennial Investment Advisors LLC now owns 52,211 shares of the company’s stock valued at $580,000 after purchasing an additional 24,220 shares during the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Price Performance

BlackRock MuniHoldings California Quality Fund stock opened at $11.18 on Friday. BlackRock MuniHoldings California Quality Fund, Inc. has a 1-year low of $9.19 and a 1-year high of $11.64. The company’s 50-day moving average is $11.40 and its 200 day moving average is $11.12.

BlackRock MuniHoldings California Quality Fund Increases Dividend

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

About BlackRock MuniHoldings California Quality Fund

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.