Melfa Wealth Management Inc. Grows Position in BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Melfa Wealth Management Inc. increased its position in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 10.2% in the second quarter, HoldingsChannel reports. The firm owned 105,202 shares of the company’s stock after purchasing an additional 9,750 shares during the quarter. Melfa Wealth Management Inc.’s holdings in BlackRock MuniHoldings California Quality Fund were worth $1,089,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MUC. Mackay Shields LLC raised its stake in BlackRock MuniHoldings California Quality Fund by 654.9% during the first quarter. Mackay Shields LLC now owns 981,667 shares of the company’s stock valued at $10,514,000 after buying an additional 851,621 shares during the last quarter. Whipplewood Advisors LLC raised its stake in BlackRock MuniHoldings California Quality Fund by 2,106.8% during the first quarter. Whipplewood Advisors LLC now owns 241,863 shares of the company’s stock valued at $2,590,000 after buying an additional 230,903 shares during the last quarter. City of London Investment Management Co. Ltd. raised its stake in BlackRock MuniHoldings California Quality Fund by 53.8% during the first quarter. City of London Investment Management Co. Ltd. now owns 466,259 shares of the company’s stock valued at $4,994,000 after buying an additional 163,192 shares during the last quarter. Advisors Asset Management Inc. raised its stake in BlackRock MuniHoldings California Quality Fund by 13.0% during the first quarter. Advisors Asset Management Inc. now owns 649,202 shares of the company’s stock valued at $6,953,000 after buying an additional 74,932 shares during the last quarter. Finally, Dakota Wealth Management raised its stake in BlackRock MuniHoldings California Quality Fund by 27.3% during the first quarter. Dakota Wealth Management now owns 237,076 shares of the company’s stock valued at $2,539,000 after buying an additional 50,900 shares during the last quarter. Hedge funds and other institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Trading Up 0.7%

Shares of NYSE:MUC opened at $10.81 on Tuesday. The stock has a fifty day simple moving average of $10.38 and a two-hundred day simple moving average of $10.40. BlackRock MuniHoldings California Quality Fund, Inc. has a 12-month low of $9.97 and a 12-month high of $11.64.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be paid a dividend of $0.0535 per share. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

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.