Equitable Holdings Inc. Invests $607,000 in BlackRock MuniHoldings Fund, Inc. $MHD

Equitable Holdings Inc. purchased a new position in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 49,321 shares of the company’s stock, valued at approximately $607,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Rivernorth Capital Management LLC boosted its holdings in shares of BlackRock MuniHoldings Fund by 199.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 12,505,825 shares of the company’s stock valued at $141,066,000 after acquiring an additional 8,333,674 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of BlackRock MuniHoldings Fund during the second quarter worth $26,438,000. Allspring Global Investments Holdings LLC lifted its position in BlackRock MuniHoldings Fund by 116.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,102,849 shares of the company’s stock valued at $12,440,000 after purchasing an additional 593,744 shares during the period. Sanctuary Advisors LLC acquired a new position in BlackRock MuniHoldings Fund during the second quarter valued at $5,346,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in BlackRock MuniHoldings Fund in the second quarter valued at $4,011,000.

BlackRock MuniHoldings Fund Stock Down 0.5%

Shares of MHD opened at $11.41 on Friday. The business’s 50-day moving average is $11.66 and its two-hundred day moving average is $11.67. BlackRock MuniHoldings Fund, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0595 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.