Palogic Value Management L.P. Invests $537,000 in BlackRock MuniHoldings Fund, Inc. $MHD

Palogic Value Management L.P. bought a new stake in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 45,210 shares of the company’s stock, valued at approximately $537,000.

A number of other large investors also recently modified their holdings of MHD. Rivernorth Capital Management LLC grew its holdings in BlackRock MuniHoldings Fund by 199.7% during the first quarter. Rivernorth Capital Management LLC now owns 12,505,825 shares of the company’s stock worth $141,066,000 after buying an additional 8,333,674 shares in the last quarter. Bank of America Corp DE bought a new position in BlackRock MuniHoldings Fund during the 2nd quarter valued at $26,438,000. Allspring Global Investments Holdings LLC boosted its holdings in BlackRock MuniHoldings Fund by 116.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102,849 shares of the company’s stock worth $12,440,000 after acquiring an additional 593,744 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in BlackRock MuniHoldings Fund by 21.2% during the 4th quarter. Advisors Asset Management Inc. now owns 644,275 shares of the company’s stock worth $7,564,000 after acquiring an additional 112,528 shares during the last quarter. Finally, Rareview Capital LLC grew its stake in shares of BlackRock MuniHoldings Fund by 52.1% in the 1st quarter. Rareview Capital LLC now owns 606,318 shares of the company’s stock worth $6,791,000 after acquiring an additional 207,695 shares in the last quarter.

BlackRock MuniHoldings Fund Stock Performance

Shares of MHD stock opened at $11.47 on Thursday. The firm has a 50-day moving average of $11.68 and a 200-day moving average of $11.68. BlackRock MuniHoldings Fund, Inc. has a one year low of $11.03 and a one year high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0595 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock MuniHoldings Fund

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.