Rivernorth Capital Management LLC Boosts Stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Rivernorth Capital Management LLC raised its position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 7.1% during the third quarter, Holdings Channel reports. The firm owned 2,537,611 shares of the company’s stock after buying an additional 167,785 shares during the quarter. BlackRock MuniHoldings California Quality Fund comprises 1.4% of Rivernorth Capital Management LLC’s portfolio, making the stock its 20th largest holding. Rivernorth Capital Management LLC’s holdings in BlackRock MuniHoldings California Quality Fund were worth $29,233,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in BlackRock MuniHoldings California Quality Fund by 6.3% in the third quarter. Advisors Asset Management Inc. now owns 518,713 shares of the company’s stock valued at $5,976,000 after buying an additional 30,594 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in BlackRock MuniHoldings California Quality Fund in the second quarter valued at approximately $4,308,000. Rockefeller Capital Management L.P. increased its stake in BlackRock MuniHoldings California Quality Fund by 0.9% in the third quarter. Rockefeller Capital Management L.P. now owns 116,529 shares of the company’s stock valued at $1,342,000 after purchasing an additional 1,072 shares during the last quarter. Intellectus Partners LLC raised its holdings in BlackRock MuniHoldings California Quality Fund by 5.0% during the third quarter. Intellectus Partners LLC now owns 83,226 shares of the company’s stock worth $963,000 after purchasing an additional 3,994 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of BlackRock MuniHoldings California Quality Fund by 15.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 64,145 shares of the company’s stock worth $712,000 after buying an additional 8,467 shares during the last quarter. 30.99% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Stock Down 1.1 %

NYSE MUC opened at $11.28 on Friday. The firm’s fifty day moving average price is $11.24 and its 200 day moving average price is $11.21. BlackRock MuniHoldings California Quality Fund, Inc. has a 12 month low of $10.56 and a 12 month high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.69%.

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.