Hollencrest Capital Management Purchases 81,115 Shares of BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Hollencrest Capital Management boosted its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 35.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,635 shares of the company’s stock after buying an additional 81,115 shares during the period. Hollencrest Capital Management’s holdings in BlackRock MuniHoldings California Quality Fund were worth $3,199,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MUC. Allspring Global Investments Holdings LLC lifted its holdings in shares of BlackRock MuniHoldings California Quality Fund by 17.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 593,053 shares of the company’s stock worth $6,286,000 after acquiring an additional 88,226 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in BlackRock MuniHoldings California Quality Fund by 22.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 400,600 shares of the company’s stock valued at $4,246,000 after acquiring an additional 72,385 shares during the last quarter. Rareview Capital LLC increased its stake in BlackRock MuniHoldings California Quality Fund by 628.0% in the first 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 last quarter. Trilogy Capital Inc. acquired a new position in BlackRock MuniHoldings California Quality Fund during the first quarter valued at approximately $1,743,000. Finally, Evoke Wealth LLC raised its position in BlackRock MuniHoldings California Quality Fund by 27.9% during the fourth quarter. Evoke Wealth LLC now owns 353,003 shares of the company’s stock valued at $3,742,000 after purchasing an additional 77,000 shares in the last quarter. 30.99% of the stock is owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE MUC opened at $10.88 on Monday. The business has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $10.79. BlackRock MuniHoldings California Quality Fund, Inc. has a fifty-two week low of $10.00 and a fifty-two week high of $11.16.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

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.