Rivernorth Capital Management LLC Has $23.49 Million Stock Holdings in BlackRock MuniHoldings California Quality Fund, Inc. $MUC

Rivernorth Capital Management LLC trimmed its stake in shares of BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) by 2.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,258,360 shares of the company’s stock after selling 50,527 shares during the quarter. BlackRock MuniHoldings California Quality Fund comprises about 1.2% of Rivernorth Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Rivernorth Capital Management LLC owned approximately 1.81% of BlackRock MuniHoldings California Quality Fund worth $23,487,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of MUC. Royal Bank of Canada raised its stake in BlackRock MuniHoldings California Quality Fund by 32.8% in the first quarter. Royal Bank of Canada now owns 181,076 shares of the company’s stock valued at $1,883,000 after purchasing an additional 44,769 shares in the last quarter. Vivaldi Capital Management LP lifted its position in BlackRock MuniHoldings California Quality Fund by 196.6% during the first quarter. Vivaldi Capital Management LP now owns 68,301 shares of the company’s stock worth $710,000 after purchasing an additional 45,276 shares during the period. Hollencrest Capital Management grew its stake in BlackRock MuniHoldings California Quality Fund by 35.8% during the first quarter. Hollencrest Capital Management now owns 307,635 shares of the company’s stock worth $3,199,000 after buying an additional 81,115 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in BlackRock MuniHoldings California Quality Fund by 85.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,100,165 shares of the company’s stock worth $11,442,000 after buying an additional 507,112 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in BlackRock MuniHoldings California Quality Fund in the 1st quarter valued at about $619,000. 30.99% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings California Quality Fund Price Performance

MUC stock opened at $10.67 on Wednesday. The company’s 50-day moving average price is $10.83 and its two-hundred day moving average price is $10.79. BlackRock MuniHoldings California Quality Fund, Inc. has a 12 month low of $10.00 and a 12 month high of $11.16.

BlackRock MuniHoldings California Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0535 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.0%.

About BlackRock MuniHoldings California Quality Fund

BlackRock MuniHoldings California Quality Fund (NYSE: MUC) is a closed-end management investment company that seeks to provide high-quality, federally and California tax-exempt income. The fund primarily invests in investment-grade municipal obligations issued by or on behalf of entities located in California, including general obligation bonds and revenue bonds that finance public projects such as schools, transportation infrastructure and utilities.

The fund’s portfolio construction emphasizes credit quality and geographic concentration, targeting bonds rated at or above investment grade by nationally recognized statistical rating organizations.