Rivernorth Capital Management LLC Lowers Position in BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Rivernorth Capital Management LLC cut its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 52.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,066,052 shares of the company’s stock after selling 1,192,308 shares during the quarter. Rivernorth Capital Management LLC’s holdings in BlackRock MuniHoldings California Quality Fund were worth $11,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 21.0% during the 1st quarter. Bank of America Corp DE now owns 2,268,949 shares of the company’s stock valued at $23,597,000 after buying an additional 393,995 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 acquiring an additional 507,112 shares in the last quarter. Rareview Capital LLC lifted its position in BlackRock MuniHoldings California Quality Fund by 628.0% during the 1st quarter. Rareview Capital LLC now owns 183,505 shares of the company’s stock valued at $1,899,000 after acquiring an additional 158,298 shares during the period. Trilogy Capital Inc. purchased a new position in BlackRock MuniHoldings California Quality Fund during the 1st quarter valued at about $1,743,000. Finally, Western Wealth Management LLC bought a new stake in BlackRock MuniHoldings California Quality Fund during the first quarter worth about $633,000. 30.99% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings California Quality Fund Price Performance

Shares of MUC opened at $10.60 on Monday. BlackRock MuniHoldings California Quality Fund, Inc. has a twelve month low of $10.20 and a twelve month high of $11.16. The firm has a 50 day moving average of $10.80 and a 200 day moving average of $10.76.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.0535 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.1%.

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.