Hennion & Walsh Asset Management Inc. Has $3.56 Million Stock Holdings in BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Hennion & Walsh Asset Management Inc. raised its holdings in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 20.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 328,215 shares of the company’s stock after purchasing an additional 56,348 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $3,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MUC. WFA of San Diego LLC acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund during the second quarter worth $26,000. Ameritas Advisory Services LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the second quarter valued at about $28,000. Nomura Holdings Inc. bought a new position in BlackRock MuniHoldings California Quality Fund during the second quarter worth about $104,000. Sanders Morris Harris LLC acquired a new position in shares of BlackRock MuniHoldings California Quality Fund during the 3rd quarter worth about $108,000. Finally, Van Hulzen Asset Management LLC grew its position in shares of BlackRock MuniHoldings California Quality Fund by 23.7% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 13,222 shares of the company’s stock worth $137,000 after buying an additional 2,529 shares during the period. 30.99% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Trading Up 0.5%

Shares of NYSE:MUC opened at $10.70 on Wednesday. The firm’s 50 day simple moving average is $10.70 and its 200 day simple moving average is $10.54. BlackRock MuniHoldings California Quality Fund, Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $11.20.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0535 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, March 13th.

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.