Robinson Capital Management LLC Lowers Stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Robinson Capital Management LLC decreased its position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 738,664 shares of the company’s stock after selling 34,953 shares during the quarter. BlackRock MuniHoldings California Quality Fund accounts for approximately 3.2% of Robinson Capital Management LLC’s portfolio, making the stock its 13th largest position. Robinson Capital Management LLC’s holdings in BlackRock MuniHoldings California Quality Fund were worth $7,852,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the third quarter valued at $25,000. Fortitude Family Office LLC purchased a new position in BlackRock MuniHoldings California Quality Fund during the 3rd quarter valued at about $48,000. Golden State Wealth Management LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at about $55,000. Oppenheimer & Co. Inc. purchased a new stake in BlackRock MuniHoldings California Quality Fund during the third quarter worth about $118,000. Finally, Octavia Wealth Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the fourth quarter worth about $120,000. 30.99% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Price Performance

NYSE MUC opened at $10.97 on Tuesday. The firm has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $11.12. BlackRock MuniHoldings California Quality Fund, Inc. has a one year low of $10.52 and a one year high of $11.64.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.0535 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.64 annualized dividend and a dividend yield of 5.85%.

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.