City of London Investment Management Co. Ltd. Grows Holdings in BlackRock MuniHoldings Fund, Inc. $MHD

City of London Investment Management Co. Ltd. increased its stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 52.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 371,247 shares of the company’s stock after purchasing an additional 128,150 shares during the period. City of London Investment Management Co. Ltd.’s holdings in BlackRock MuniHoldings Fund were worth $4,362,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MHD. Fifth Third Bancorp purchased a new stake in BlackRock MuniHoldings Fund in the third quarter valued at approximately $30,000. Geneos Wealth Management Inc. boosted its position in shares of BlackRock MuniHoldings Fund by 389.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock worth $55,000 after buying an additional 3,706 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of BlackRock MuniHoldings Fund during the first quarter worth $118,000. Talisman Wealth Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings Fund in the second quarter valued at $136,000. Finally, Permanent Capital Management LP acquired a new stake in shares of BlackRock MuniHoldings Fund in the third quarter valued at $140,000.

BlackRock MuniHoldings Fund Trading Down 0.7%

MHD stock opened at $11.66 on Friday. The business’s fifty day moving average price is $11.84 and its 200 day moving average price is $11.72. BlackRock MuniHoldings Fund, Inc. has a 12-month low of $10.79 and a 12-month high of $12.05.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.0595 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock MuniHoldings Fund Company 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.