Ackerman Capital Advisors LLC Invests $236,000 in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Ackerman Capital Advisors LLC bought a new stake in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,491 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC boosted its position in BlackRock MuniHoldings California Quality Fund by 242.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 4,800 shares of the company’s stock valued at $53,000 after acquiring an additional 3,400 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of BlackRock MuniHoldings California Quality Fund by 57.4% during the second quarter. Wolverine Asset Management LLC now owns 6,390 shares of the company’s stock valued at $71,000 after purchasing an additional 2,330 shares in the last quarter. Virtu Financial LLC purchased a new stake in BlackRock MuniHoldings California Quality Fund in the first quarter worth $119,000. B. Riley Wealth Advisors Inc. raised its holdings in BlackRock MuniHoldings California Quality Fund by 37.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 18,822 shares of the company’s stock worth $207,000 after purchasing an additional 5,159 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in BlackRock MuniHoldings California Quality Fund during the second quarter valued at $271,000. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Performance

Shares of MUC stock opened at $11.26 on Friday. The company’s fifty day moving average price is $11.40 and its 200-day moving average price is $11.13. BlackRock MuniHoldings California Quality Fund, Inc. has a 12 month low of $9.19 and a 12 month high of $11.64.

BlackRock MuniHoldings California Quality Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.0535 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.64 annualized dividend and a yield of 5.70%. This is a positive change from BlackRock MuniHoldings California Quality Fund’s previous monthly dividend of $0.05.

About BlackRock MuniHoldings California Quality Fund

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.