NewEdge Advisors LLC Has $2.03 Million Holdings in BlackRock MuniHoldings Fund, Inc. $MHD

NewEdge Advisors LLC lifted its position in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 160.9% in the 1st quarter, Holdings Channel reports. The fund owned 179,952 shares of the company’s stock after buying an additional 110,968 shares during the period. NewEdge Advisors LLC’s holdings in BlackRock MuniHoldings Fund were worth $2,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Riverbridge Partners LLC grew its position in BlackRock MuniHoldings Fund by 100.2% during the 1st quarter. Riverbridge Partners LLC now owns 115,874 shares of the company’s stock worth $1,307,000 after purchasing an additional 57,999 shares in the last quarter. Indiana Trust & Investment Management Co purchased a new stake in shares of BlackRock MuniHoldings Fund in the first quarter valued at $767,000. Kestra Advisory Services LLC lifted its holdings in shares of BlackRock MuniHoldings Fund by 857.0% in the first quarter. Kestra Advisory Services LLC now owns 51,093 shares of the company’s stock valued at $576,000 after purchasing an additional 45,754 shares in the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of BlackRock MuniHoldings Fund by 199.7% in the first quarter. Rivernorth Capital Management LLC now owns 12,505,825 shares of the company’s stock valued at $141,066,000 after purchasing an additional 8,333,674 shares in the last quarter. Finally, Rareview Capital LLC boosted its position in shares of BlackRock MuniHoldings Fund by 23.8% in the fourth quarter. Rareview Capital LLC now owns 398,623 shares of the company’s stock worth $4,465,000 after buying an additional 76,718 shares during the period.

BlackRock MuniHoldings Fund Stock Down 0.4%

Shares of BlackRock MuniHoldings Fund stock opened at $11.65 on Friday. BlackRock MuniHoldings Fund, Inc. has a 12 month low of $10.99 and a 12 month high of $12.08. The business has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $11.70.

BlackRock MuniHoldings Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0595 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock MuniHoldings Fund Profile

BlackRock MuniHoldings Fund (NYSE:MHD) is a closed-end management investment company focused on delivering tax-exempt income through a diversified portfolio of municipal securities. The fund’s primary objective is to seek current income exempt from federal income tax, making it a potential option for investors looking to enhance after-tax yield in a fixed-income allocation.

The fund invests predominantly in investment-grade municipal bonds issued by state and local governments, authorities and agencies across the United States.