Verdence Capital Advisors LLC Makes New $532,000 Investment in BlackRock MuniHoldings Fund, Inc. $MHD

Verdence Capital Advisors LLC purchased a new position in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the third quarter, HoldingsChannel reports. The firm purchased 45,000 shares of the company’s stock, valued at approximately $532,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilltop National Bank purchased a new position in shares of BlackRock MuniHoldings Fund during the 2nd quarter valued at $45,000. Geneos Wealth Management Inc. boosted its stake in shares of BlackRock MuniHoldings Fund by 389.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock worth $55,000 after acquiring an additional 3,706 shares during the period. Plancorp LLC bought a new position in shares of BlackRock MuniHoldings Fund in the second quarter worth about $112,000. World Investment Advisors purchased a new stake in shares of BlackRock MuniHoldings Fund during the second quarter worth about $115,000. Finally, Goldman Sachs Group Inc. bought a new stake in BlackRock MuniHoldings Fund during the 1st quarter valued at approximately $118,000.

BlackRock MuniHoldings Fund Price Performance

NYSE MHD opened at $11.79 on Friday. BlackRock MuniHoldings Fund, Inc. has a 12 month low of $10.79 and a 12 month high of $12.34. The stock’s 50 day moving average is $11.72 and its 200 day moving average is $11.54.

BlackRock MuniHoldings Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.0595 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

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.