Myecfo LLC Invests $813,000 in BlackRock MuniHoldings Fund, Inc. $MHD

Myecfo LLC bought a new stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 73,838 shares of the company’s stock, valued at approximately $813,000. BlackRock MuniHoldings Fund accounts for about 0.3% of Myecfo LLC’s holdings, making the stock its 19th biggest position.

A number of other hedge funds also recently modified their holdings of the company. Rivernorth Capital Management LLC lifted its position in BlackRock MuniHoldings Fund by 199.7% in the first quarter. Rivernorth Capital Management LLC now owns 12,505,825 shares of the company’s stock worth $141,066,000 after purchasing an additional 8,333,674 shares during the period. Bank of America Corp DE boosted its position in BlackRock MuniHoldings Fund by 157.3% in the first quarter. Bank of America Corp DE now owns 1,807,154 shares of the company’s stock valued at $20,385,000 after buying an additional 1,104,859 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of BlackRock MuniHoldings Fund by 116.6% in 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 in the last quarter. Advisors Asset Management Inc. boosted its stake in BlackRock MuniHoldings Fund by 21.2% in 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 in the last quarter. Finally, Rareview Capital LLC lifted its position in BlackRock MuniHoldings Fund by 52.1% during the 1st quarter. Rareview Capital LLC now owns 606,318 shares of the company’s stock worth $6,791,000 after buying an additional 207,695 shares in the last quarter.

BlackRock MuniHoldings Fund Price Performance

MHD opened at $11.57 on Thursday. The company’s 50 day simple moving average is $11.71 and its 200-day simple moving average is $11.69. BlackRock MuniHoldings Fund, Inc. has a one year low of $10.99 and a one year high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

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

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.