Evoke Wealth LLC Cuts Position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Evoke Wealth LLC decreased its position in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 67.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,371 shares of the company’s stock after selling 72,369 shares during the period. Evoke Wealth LLC’s holdings in BlackRock MuniHoldings California Quality Fund were worth $394,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Karpus Management Inc. grew its position in BlackRock MuniHoldings California Quality Fund by 6.6% during the fourth quarter. Karpus Management Inc. now owns 3,773,789 shares of the company’s stock valued at $42,002,000 after acquiring an additional 231,998 shares during the last quarter. Wells Fargo & Company MN raised its position in BlackRock MuniHoldings California Quality Fund by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 667,335 shares of the company’s stock worth $7,427,000 after purchasing an additional 114,323 shares during the period. Robinson Capital Management LLC lifted its stake in BlackRock MuniHoldings California Quality Fund by 12.8% in the first quarter. Robinson Capital Management LLC now owns 605,035 shares of the company’s stock worth $6,492,000 after purchasing an additional 68,576 shares during the last quarter. Advisors Asset Management Inc. boosted its position in BlackRock MuniHoldings California Quality Fund by 10.3% during the first quarter. Advisors Asset Management Inc. now owns 513,532 shares of the company’s stock valued at $5,654,000 after buying an additional 48,065 shares during the period. Finally, Napa Wealth Management purchased a new stake in BlackRock MuniHoldings California Quality Fund during the fourth quarter valued at about $471,000. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Price Performance

NYSE MUC opened at $11.56 on Friday. BlackRock MuniHoldings California Quality Fund, Inc. has a 1-year low of $9.19 and a 1-year high of $11.60. The stock has a 50-day moving average of $11.27 and a 200-day moving average of $11.06.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.0535 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.64 annualized dividend and a yield of 5.55%. This is an increase from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05.

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.