Saba Capital Management L.P. Sells 2,383 Shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC)

Saba Capital Management L.P. decreased its holdings in BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 0.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,304,501 shares of the company’s stock after selling 2,383 shares during the period. Saba Capital Management L.P. owned approximately 2.40% of BlackRock MuniHoldings California Quality Fund worth $24,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Atria Wealth Solutions Inc. lifted its stake in shares of BlackRock MuniHoldings California Quality Fund by 30.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 167,437 shares of the company’s stock valued at $1,780,000 after purchasing an additional 38,842 shares during the period. Raymond James Financial Inc. bought a new stake in BlackRock MuniHoldings California Quality Fund during the 4th quarter worth approximately $455,000. Advisors Asset Management Inc. boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 10.7% in the 4th quarter. Advisors Asset Management Inc. now owns 574,270 shares of the company’s stock worth $6,104,000 after buying an additional 55,557 shares during the last quarter. SteelPeak Wealth LLC purchased a new position in shares of BlackRock MuniHoldings California Quality Fund in the 4th quarter worth approximately $248,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of BlackRock MuniHoldings California Quality Fund by 255.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 96,220 shares of the company’s stock worth $1,023,000 after buying an additional 69,136 shares during the last quarter. Institutional investors own 30.99% of the company’s stock.

BlackRock MuniHoldings California Quality Fund Stock Performance

NYSE:MUC opened at $10.48 on Friday. The stock’s fifty day moving average price is $10.53 and its two-hundred day moving average price is $10.80. BlackRock MuniHoldings California Quality Fund, Inc. has a 1 year low of $9.97 and a 1 year high of $11.64.

BlackRock MuniHoldings California Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.0535 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.64 dividend on an annualized basis and a yield of 6.13%.

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.