Rareview Capital LLC lessened its position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC – Free Report) by 31.6% during the second quarter, Holdings Channel reports. The institutional investor owned 125,561 shares of the company’s stock after selling 57,944 shares during the quarter. Rareview Capital LLC’s holdings in BlackRock MuniHoldings California Quality Fund were worth $1,300,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. WFA of San Diego LLC bought a new position in shares of BlackRock MuniHoldings California Quality Fund during the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund in the fourth quarter worth $69,000. Nomura Holdings Inc. acquired a new position in BlackRock MuniHoldings California Quality Fund during the second quarter worth $104,000. Pasadena Private Wealth LLC acquired a new position in BlackRock MuniHoldings California Quality Fund during the fourth quarter worth $106,000. Finally, EP Wealth Advisors LLC bought a new position in BlackRock MuniHoldings California Quality Fund in the fourth quarter valued at $126,000. Institutional investors and hedge funds own 30.99% of the company’s stock.
BlackRock MuniHoldings California Quality Fund Price Performance
Shares of NYSE:MUC opened at $10.44 on Friday. The company’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, Inc. has a one year low of $10.20 and a one year high of $11.16.
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.
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