B. Riley Wealth Advisors Inc. Trims Holdings in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

B. Riley Wealth Advisors Inc. lowered its position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 26.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,771 shares of the company’s stock after selling 5,051 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 10.3% in the first quarter. Advisors Asset Management Inc. now owns 513,532 shares of the company’s stock worth $5,654,000 after acquiring an additional 48,065 shares during the period. Centaurus Financial Inc. acquired a new position in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter valued at about $105,000. Napa Wealth Management purchased a new stake in shares of BlackRock MuniHoldings California Quality Fund in the fourth quarter worth about $471,000. Sanders Morris Harris LLC acquired a new stake in BlackRock MuniHoldings California Quality Fund during the first quarter worth about $110,000. Finally, Wolverine Asset Management LLC raised its position in BlackRock MuniHoldings California Quality Fund by 57.4% during the second quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock valued at $71,000 after acquiring an additional 2,330 shares in the last quarter. Institutional investors and hedge funds own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Performance

BlackRock MuniHoldings California Quality Fund stock opened at $11.48 on Friday. The stock’s 50 day simple moving average is $11.38 and its two-hundred day simple moving average is $11.10. BlackRock MuniHoldings California Quality Fund, Inc. has a 12 month low of $9.19 and a 12 month high of $11.64.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0535 per share. This represents a $0.64 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05.

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.