Melone Private Wealth LLC Reduces Stock Holdings in BlackRock MuniHoldings Fund, Inc. $MHD

Melone Private Wealth LLC reduced its position in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 53.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 institutional investors also recently bought and sold shares of the company. Riverbridge Partners LLC raised its position in shares of BlackRock MuniHoldings Fund by 100.2% during the 1st quarter. Riverbridge Partners LLC now owns 115,874 shares of the company’s stock valued at $1,307,000 after buying an additional 57,999 shares during the period. Indiana Trust & Investment Management Co acquired a new position in BlackRock MuniHoldings Fund in the first quarter valued at approximately $767,000. Rareview Capital LLC increased its stake in BlackRock MuniHoldings Fund by 23.8% during the fourth quarter. Rareview Capital LLC now owns 398,623 shares of the company’s stock worth $4,465,000 after acquiring an additional 76,718 shares during the last quarter. Kestra Advisory Services LLC increased its stake in BlackRock MuniHoldings Fund by 857.0% during the first quarter. Kestra Advisory Services LLC now owns 51,093 shares of the company’s stock worth $576,000 after acquiring an additional 45,754 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in BlackRock MuniHoldings Fund in the first quarter valued at $749,000.

BlackRock MuniHoldings Fund Stock Performance

NYSE:MHD opened at $11.62 on Monday. BlackRock MuniHoldings Fund, Inc. has a 52 week low of $10.99 and a 52 week high of $12.08. The stock’s fifty day moving average is $11.72 and its two-hundred day moving average is $11.71.

BlackRock MuniHoldings Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0595 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.