Melone Private Wealth LLC Cuts Stock Position in BlackRock MuniHoldings Fund, Inc. $MHD

Melone Private Wealth LLC decreased its position in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 53.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,060 shares of the company’s stock after selling 62,623 shares during the period. Melone Private Wealth LLC’s holdings in BlackRock MuniHoldings Fund were worth $655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in BlackRock MuniHoldings Fund in the 1st quarter valued at about $26,000. Pinnacle Bancorp Inc. acquired a new stake in shares of BlackRock MuniHoldings Fund during the first quarter worth about $38,000. Geneos Wealth Management Inc. lifted 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 purchasing an additional 3,706 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of BlackRock MuniHoldings Fund in the fourth quarter valued at approximately $57,000. Finally, Camelot Portfolios LLC purchased a new position in shares of BlackRock MuniHoldings Fund in the fourth quarter valued at approximately $62,000.

BlackRock MuniHoldings Fund Stock Performance

Shares of MHD stock opened at $11.62 on Monday. The company has a 50 day moving average price of $11.72 and a 200 day moving average price of $11.71. BlackRock MuniHoldings Fund, Inc. has a fifty-two week low of $10.99 and a fifty-two week high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

The firm also recently declared 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) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.