Cetera Investment Advisers Has $1 Million Stake in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Cetera Investment Advisers trimmed its holdings in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,448 shares of the company’s stock after selling 910 shares during the period. Cetera Investment Advisers owned 0.09% of BlackRock MuniHoldings California Quality Fund worth $1,004,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Robinson Capital Management LLC increased its holdings in BlackRock MuniHoldings California Quality Fund by 12.8% during the 1st quarter. Robinson Capital Management LLC now owns 605,035 shares of the company’s stock valued at $6,492,000 after purchasing an additional 68,576 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in BlackRock MuniHoldings California Quality Fund by 10.3% during the 1st quarter. Advisors Asset Management Inc. now owns 513,532 shares of the company’s stock valued at $5,654,000 after purchasing an additional 48,065 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 15.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 64,145 shares of the company’s stock valued at $712,000 after buying an additional 8,467 shares during the period. Creative Planning increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 201.5% in the 2nd quarter. Creative Planning now owns 57,242 shares of the company’s stock valued at $635,000 after buying an additional 38,254 shares during the period. Finally, Perennial Investment Advisors LLC increased its stake in shares of BlackRock MuniHoldings California Quality Fund by 86.5% in the 2nd quarter. Perennial Investment Advisors LLC now owns 52,211 shares of the company’s stock valued at $580,000 after buying an additional 24,220 shares during the period. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Price Performance

NYSE MUC opened at $11.41 on Friday. The stock has a fifty day moving average of $11.39 and a 200-day moving average of $11.11. BlackRock MuniHoldings California Quality Fund, Inc. has a 52 week low of $9.19 and a 52 week high of $11.64.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a $0.0535 dividend. This is a boost from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05. This represents a $0.64 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Tuesday, October 15th.

BlackRock MuniHoldings California Quality Fund 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.