BlackRock MuniHoldings Fund (NYSE:MHD) Shares Cross Below 50 Day Moving Average – Here’s What Happened

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.81 and traded as low as $11.33. BlackRock MuniHoldings Fund shares last traded at $11.42, with a volume of 600,041 shares changing hands.

BlackRock MuniHoldings Fund Trading Down 1.2%

The company has a fifty day moving average of $11.78 and a 200-day moving average of $11.74.

BlackRock MuniHoldings Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.0595 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Institutional Trading of BlackRock MuniHoldings Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in BlackRock MuniHoldings Fund by 17.9% during the first quarter. Royal Bank of Canada now owns 73,896 shares of the company’s stock worth $868,000 after purchasing an additional 11,216 shares during the last quarter. NewEdge Advisors LLC increased its stake in BlackRock MuniHoldings Fund by 6.3% in the 1st quarter. NewEdge Advisors LLC now owns 32,543 shares of the company’s stock valued at $382,000 after buying an additional 1,937 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of BlackRock MuniHoldings Fund during the 1st quarter worth approximately $118,000. Geneos Wealth Management Inc. lifted its position in shares of BlackRock MuniHoldings Fund by 389.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock worth $55,000 after buying an additional 3,706 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of BlackRock MuniHoldings Fund by 10.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 529,834 shares of the company’s stock worth $5,934,000 after buying an additional 50,777 shares during the last quarter.

BlackRock MuniHoldings Fund Company 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.