BlackRock MuniHoldings Fund (NYSE:MHD) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.78 and traded as low as $11.69. BlackRock MuniHoldings Fund shares last traded at $11.72, with a volume of 1,194,764 shares trading hands.

BlackRock MuniHoldings Fund Stock Down 1.0%

The business has a fifty day simple moving average of $11.78 and a 200-day simple moving average of $11.62.

BlackRock MuniHoldings Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $0.0595 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

A number of hedge funds have recently added to or reduced their stakes in MHD. Mackay Shields LLC raised its stake in shares of BlackRock MuniHoldings Fund by 1.9% in the third quarter. Mackay Shields LLC now owns 2,166,270 shares of the company’s stock worth $25,454,000 after purchasing an additional 39,723 shares during the last quarter. Guggenheim Capital LLC raised its position in BlackRock MuniHoldings Fund by 0.6% in the 2nd quarter. Guggenheim Capital LLC now owns 1,073,824 shares of the company’s stock worth $12,027,000 after buying an additional 6,333 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniHoldings Fund by 8.3% during the 2nd quarter. Bank of America Corp DE now owns 822,170 shares of the company’s stock valued at $9,208,000 after acquiring an additional 63,038 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in BlackRock MuniHoldings Fund by 0.4% in the third quarter. Advisors Asset Management Inc. now owns 531,747 shares of the company’s stock worth $6,248,000 after purchasing an additional 1,913 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of BlackRock MuniHoldings Fund by 813.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 509,105 shares of the company’s stock valued at $5,977,000 after buying an additional 453,353 shares during the period.

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.