Palogic Value Management L.P. Takes Position in BlackRock MuniHoldings Fund, Inc. $MHD

Palogic Value Management L.P. bought a new stake in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 45,210 shares of the company’s stock, valued at approximately $537,000.

Other institutional investors have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in BlackRock MuniHoldings Fund in the first quarter worth approximately $26,000. Pinnacle Bancorp Inc. bought a new stake in shares of BlackRock MuniHoldings Fund during the first quarter valued at approximately $38,000. First Bancorp Inc ME acquired a new position in shares of BlackRock MuniHoldings Fund during the second quarter worth approximately $42,000. Geneos Wealth Management Inc. raised its position in shares of 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 purchasing an additional 3,706 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of BlackRock MuniHoldings Fund in the 4th quarter worth $57,000.

BlackRock MuniHoldings Fund Price Performance

NYSE MHD opened at $11.47 on Thursday. The company has a fifty day simple moving average of $11.68 and a 200 day simple moving average of $11.68. BlackRock MuniHoldings Fund, Inc. has a 12-month low of $11.03 and a 12-month high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0595 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.