Van ECK Associates Corp Boosts Stake in BlackRock MuniHoldings Fund, Inc. $MHD

Van ECK Associates Corp boosted its stake in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 6.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,384,845 shares of the company’s stock after purchasing an additional 86,761 shares during the period. Van ECK Associates Corp’s holdings in BlackRock MuniHoldings Fund were worth $16,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RB Capital Management LLC acquired a new position in BlackRock MuniHoldings Fund during the second quarter worth $329,000. Equitable Holdings Inc. acquired a new stake in shares of BlackRock MuniHoldings Fund in the second quarter valued at $286,000. Centaurus Financial Inc. acquired a new stake in shares of BlackRock MuniHoldings Fund in the second quarter valued at $270,000. Almitas Capital LLC purchased a new stake in shares of BlackRock MuniHoldings Fund in the 2nd quarter valued at $131,000. Finally, Corient Private Wealth LP acquired a new position in BlackRock MuniHoldings Fund during the 2nd quarter worth about $198,000.

BlackRock MuniHoldings Fund Stock Performance

Shares of BlackRock MuniHoldings Fund stock opened at $11.47 on Tuesday. The business has a 50-day moving average of $11.66 and a 200 day moving average of $11.67. BlackRock MuniHoldings Fund, Inc. has a 12 month low of $11.06 and a 12 month high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

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

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.