Royal Bank of Canada Has $4.47 Million Stock Holdings in BlackRock MuniHoldings Fund, Inc. $MHD

Royal Bank of Canada boosted its stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 417.0% in the first quarter, HoldingsChannel reports. The firm owned 396,333 shares of the company’s stock after purchasing an additional 319,680 shares during the quarter. Royal Bank of Canada’s holdings in BlackRock MuniHoldings Fund were worth $4,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in shares of BlackRock MuniHoldings Fund by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 32,543 shares of the company’s stock worth $382,000 after buying an additional 1,937 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in BlackRock MuniHoldings Fund in the 1st quarter valued at about $118,000. Geneos Wealth Management Inc. raised its holdings in BlackRock MuniHoldings Fund by 389.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock valued at $55,000 after acquiring an additional 3,706 shares during the period. Invesco Ltd. raised its holdings in BlackRock MuniHoldings Fund by 39.3% in the 2nd quarter. Invesco Ltd. now owns 172,436 shares of the company’s stock valued at $1,931,000 after acquiring an additional 48,644 shares during the period. Finally, Raymond James Financial Inc. lifted its position in BlackRock MuniHoldings Fund by 4.0% during the second quarter. Raymond James Financial Inc. now owns 97,590 shares of the company’s stock worth $1,093,000 after acquiring an additional 3,762 shares during the last quarter.

BlackRock MuniHoldings Fund Stock Performance

Shares of NYSE:MHD opened at $11.71 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 50 day moving average of $11.71 and a 200-day moving average of $11.70.

BlackRock MuniHoldings Fund Announces Dividend

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 issued a dividend of $0.0595 per share. This represents a c) annualized dividend and a yield of 6.1%. 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.