Beverly Hills Private Wealth LLC Buys Shares of 254,357 BlackRock MuniHoldings Fund, Inc. $MHD

Beverly Hills Private Wealth LLC purchased a new stake in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 254,357 shares of the company’s stock, valued at approximately $2,795,000.

A number of other institutional investors also recently modified their holdings of MHD. Hollencrest Capital Management acquired a new stake in BlackRock MuniHoldings Fund in the first quarter valued at about $26,000. Pinnacle Bancorp Inc. bought a new position in BlackRock MuniHoldings Fund in the first quarter valued at about $38,000. Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 3,706 shares in the last quarter. Global Retirement Partners LLC acquired a new position in BlackRock MuniHoldings Fund during the fourth quarter worth about $57,000. Finally, Camelot Portfolios LLC bought a new position in shares of BlackRock MuniHoldings Fund in the fourth quarter worth about $62,000.

BlackRock MuniHoldings Fund Stock Performance

MHD opened at $11.65 on Monday. The company’s 50 day moving average is $11.71 and its 200-day moving average is $11.70. BlackRock MuniHoldings Fund, Inc. has a 1-year low of $10.99 and a 1-year high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

The business 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.1%.

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.