Sit Investment Associates Inc. Sells 1,594,922 Shares of BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Sit Investment Associates Inc. decreased its position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 92.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,740 shares of the company’s stock after selling 1,594,922 shares during the period. Sit Investment Associates Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $1,343,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MUC. WFA of San Diego LLC bought a new position in shares of BlackRock MuniHoldings California Quality Fund in the 2nd quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth approximately $69,000. Pasadena Private Wealth LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth approximately $106,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniHoldings California Quality Fund in the second quarter worth approximately $104,000. Finally, Moody National Bank Trust Division bought a new stake in BlackRock MuniHoldings California Quality Fund in the fourth quarter worth approximately $114,000. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Price Performance

Shares of MUC opened at $10.85 on Friday. BlackRock MuniHoldings California Quality Fund, Inc. has a 52-week low of $10.00 and a 52-week high of $11.04. The business’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $10.75.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.0535 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.9%.

BlackRock MuniHoldings California Quality Fund Company 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.