Fifth Third Bancorp Purchases Shares of 66,387 BlackRock MuniHoldings Fund, Inc. $MHD

Fifth Third Bancorp acquired a new stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) during the 1st quarter, Holdings Channel reports. The firm acquired 66,387 shares of the company’s stock, valued at approximately $749,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MHD. Pinnacle Bancorp Inc. bought a new stake in BlackRock MuniHoldings Fund in the 1st quarter valued at about $38,000. Geneos Wealth Management Inc. grew its stake in BlackRock MuniHoldings Fund by 389.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock valued at $55,000 after acquiring an additional 3,706 shares during the period. Global Retirement Partners LLC acquired a new stake in BlackRock MuniHoldings Fund in the fourth quarter valued at approximately $57,000. Camelot Portfolios LLC bought a new stake in shares of BlackRock MuniHoldings Fund during the fourth quarter valued at approximately $62,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of BlackRock MuniHoldings Fund during the fourth quarter valued at approximately $63,000.

BlackRock MuniHoldings Fund Trading Up 0.4%

Shares of MHD opened at $11.48 on Tuesday. BlackRock MuniHoldings Fund, Inc. has a 12-month low of $10.99 and a 12-month high of $12.08. The business’s fifty day moving average is $11.71 and its 200 day moving average is $11.73.

BlackRock MuniHoldings Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0595 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. 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.