PNC Financial Services Group Inc. Grows Stock Holdings in BlackRock MuniHoldings Fund, Inc. $MHD

PNC Financial Services Group Inc. increased its stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 52.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 307,673 shares of the company’s stock after buying an additional 106,109 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock MuniHoldings Fund were worth $3,471,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in BlackRock MuniHoldings Fund by 116.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,102,849 shares of the company’s stock worth $12,440,000 after acquiring an additional 593,744 shares during the period. Rareview Capital LLC increased its holdings in shares of BlackRock MuniHoldings Fund by 52.1% in the first quarter. Rareview Capital LLC now owns 606,318 shares of the company’s stock valued at $6,791,000 after purchasing an additional 207,695 shares during the period. Allegheny Financial Group purchased a new stake in shares of BlackRock MuniHoldings Fund during the first quarter worth approximately $1,754,000. Bank of New York Mellon Corp raised its stake in shares of BlackRock MuniHoldings Fund by 113.6% during the first quarter. Bank of New York Mellon Corp now owns 251,989 shares of the company’s stock worth $2,842,000 after purchasing an additional 134,039 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of BlackRock MuniHoldings Fund by 21.2% during the fourth quarter. Advisors Asset Management Inc. now owns 644,275 shares of the company’s stock worth $7,564,000 after purchasing an additional 112,528 shares during the last quarter.

BlackRock MuniHoldings Fund Stock Up 0.2%

Shares of NYSE MHD opened at $11.51 on Wednesday. The stock has a fifty day moving average price of $11.71 and a 200 day moving average price of $11.73. BlackRock MuniHoldings Fund, Inc. has a 1-year low of $10.99 and a 1-year high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

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