Royal Bank of Canada Buys 319,680 Shares of BlackRock MuniHoldings Fund, Inc. $MHD

Royal Bank of Canada increased its position in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 417.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 396,333 shares of the company’s stock after acquiring an additional 319,680 shares during the quarter. Royal Bank of Canada’s holdings in BlackRock MuniHoldings Fund were worth $4,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC increased its stake in BlackRock MuniHoldings Fund by 2.3% during the 4th quarter. Scarborough Advisors LLC now owns 38,796 shares of the company’s stock worth $455,000 after purchasing an additional 887 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of BlackRock MuniHoldings Fund by 7.0% in the second quarter. Osaic Holdings Inc. now owns 18,716 shares of the company’s stock worth $210,000 after purchasing an additional 1,227 shares in the last quarter. World Investment Advisors boosted its holdings in BlackRock MuniHoldings Fund by 12.2% during the first quarter. World Investment Advisors now owns 11,500 shares of the company’s stock worth $130,000 after purchasing an additional 1,251 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in BlackRock MuniHoldings Fund by 6.3% during the first quarter. NewEdge Advisors LLC now owns 32,543 shares of the company’s stock worth $382,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Hollencrest Capital Management bought a new position in BlackRock MuniHoldings Fund in the first quarter valued at $26,000.

BlackRock MuniHoldings Fund Price Performance

Shares of NYSE:MHD opened at $11.71 on Friday. The company’s 50-day moving average price is $11.71 and its two-hundred day moving average price is $11.70. BlackRock MuniHoldings Fund, Inc. has a one year low of $10.99 and a one year high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

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

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.