City of London Investment Management Co. Ltd. Increases Stock Holdings in BlackRock MuniHoldings Fund, Inc. $MHD

City of London Investment Management Co. Ltd. boosted its position in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 52.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,247 shares of the company’s stock after purchasing an additional 128,150 shares during the period. City of London Investment Management Co. Ltd.’s holdings in BlackRock MuniHoldings Fund were worth $4,362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MHD. Royal Bank of Canada raised its position in shares of BlackRock MuniHoldings Fund by 17.9% during the 1st quarter. Royal Bank of Canada now owns 73,896 shares of the company’s stock valued at $868,000 after buying an additional 11,216 shares during the period. NewEdge Advisors LLC grew its position in BlackRock MuniHoldings Fund by 6.3% in the first quarter. NewEdge Advisors LLC now owns 32,543 shares of the company’s stock worth $382,000 after acquiring an additional 1,937 shares during the period. Goldman Sachs Group Inc. acquired a new stake in BlackRock MuniHoldings Fund during the first quarter worth $118,000. Geneos Wealth Management Inc. increased its stake in BlackRock MuniHoldings Fund by 389.7% during 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 last quarter. Finally, Advisors Asset Management Inc. raised its position in BlackRock MuniHoldings Fund by 10.6% in the second quarter. Advisors Asset Management Inc. now owns 529,834 shares of the company’s stock valued at $5,934,000 after purchasing an additional 50,777 shares during the period.

BlackRock MuniHoldings Fund Stock Down 0.7%

Shares of BlackRock MuniHoldings Fund stock opened at $11.66 on Friday. BlackRock MuniHoldings Fund, Inc. has a 52 week low of $10.79 and a 52 week high of $12.05. The business’s fifty day simple moving average is $11.84 and its 200-day simple moving average is $11.72.

BlackRock MuniHoldings Fund Dividend Announcement

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

BlackRock MuniHoldings Fund Company 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.