B.A. Schrock Wealth Management Inc. Makes New $1.26 Million Investment in BlackRock MuniHoldings Fund, Inc. $MHD

B.A. Schrock Wealth Management Inc. acquired a new position in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,384 shares of the company’s stock, valued at approximately $1,256,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MHD. Rivernorth Capital Management LLC raised its stake in shares of BlackRock MuniHoldings Fund by 199.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 12,505,825 shares of the company’s stock valued at $141,066,000 after acquiring an additional 8,333,674 shares in the last quarter. Bank of America Corp DE bought a new position in BlackRock MuniHoldings Fund in the 2nd quarter worth $21,537,000. Van ECK Associates Corp boosted its holdings in BlackRock MuniHoldings Fund by 6.7% during the second quarter. Van ECK Associates Corp now owns 1,384,845 shares of the company’s stock valued at $16,480,000 after acquiring an additional 86,761 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of BlackRock MuniHoldings Fund by 116.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,102,849 shares of the company’s stock valued at $12,440,000 after purchasing an additional 593,744 shares during the last quarter. Finally, Rareview Capital LLC increased its stake in shares of BlackRock MuniHoldings Fund by 52.1% in the first quarter. Rareview Capital LLC now owns 606,318 shares of the company’s stock worth $6,791,000 after purchasing an additional 207,695 shares during the period.

BlackRock MuniHoldings Fund Stock Down 1.2%

MHD opened at $10.18 on Thursday. The stock’s 50 day moving average price is $10.97 and its two-hundred day moving average price is $11.43. BlackRock MuniHoldings Fund, Inc. has a 12-month low of $9.98 and a 12-month high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.0595 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.71 dividend on an annualized basis and a yield of 7.0%.

BlackRock MuniHoldings Fund Profile

BlackRock MuniHoldings Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the ticker MHD. The fund is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc, and is designed to provide investors with access to a professionally managed portfolio of municipal securities.

The fund invests primarily in long-term municipal obligations issued by state and local governments, their agencies, and other public entities in the United States. Its investment strategy focuses on generating current income that is generally exempt from regular U.S.