Rivernorth Capital Management LLC Sells 50,527 Shares of BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Rivernorth Capital Management LLC lowered its holdings in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 2.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,258,360 shares of the company’s stock after selling 50,527 shares during the period. BlackRock MuniHoldings California Quality Fund comprises about 1.2% of Rivernorth Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Rivernorth Capital Management LLC’s holdings in BlackRock MuniHoldings California Quality Fund were worth $23,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MUC. Allspring Global Investments Holdings LLC grew its position in BlackRock MuniHoldings California Quality Fund by 17.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 593,053 shares of the company’s stock valued at $6,286,000 after acquiring an additional 88,226 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of 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 worth $4,246,000 after acquiring an additional 72,385 shares during the last quarter. Rareview Capital LLC lifted its holdings in shares of 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 worth $1,899,000 after acquiring an additional 158,298 shares during the last quarter. Trilogy Capital Inc. acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at approximately $1,743,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at approximately $619,000. 30.99% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings California Quality Fund Stock Up 0.2%

Shares of BlackRock MuniHoldings California Quality Fund stock opened at $10.67 on Wednesday. The firm’s 50 day moving average is $10.83 and its 200 day moving average is $10.79. BlackRock MuniHoldings California Quality Fund, Inc. has a 1 year low of $10.00 and a 1 year high of $11.16.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid 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 Tuesday, September 15th.

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.