Riverbridge Partners LLC Grows Position in BlackRock MuniHoldings Fund, Inc. $MHD

Riverbridge Partners LLC raised its stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 100.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,874 shares of the company’s stock after purchasing an additional 57,999 shares during the quarter. Riverbridge Partners LLC’s holdings in BlackRock MuniHoldings Fund were worth $1,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MHD. Allspring Global Investments Holdings LLC grew its holdings in shares of BlackRock MuniHoldings Fund by 813.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,105 shares of the company’s stock valued at $5,977,000 after buying an additional 453,353 shares during the last quarter. Rareview Capital LLC increased its position in shares of BlackRock MuniHoldings Fund by 23.8% in the 4th quarter. Rareview Capital LLC now owns 398,623 shares of the company’s stock valued at $4,465,000 after acquiring an additional 76,718 shares during the period. City of London Investment Management Co. Ltd. raised its stake in BlackRock MuniHoldings Fund by 52.7% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 371,247 shares of the company’s stock worth $4,362,000 after acquiring an additional 128,150 shares during the last quarter. Allegheny Financial Group purchased a new position in BlackRock MuniHoldings Fund in the 1st quarter worth $1,754,000. Finally, M&T Bank Corp lifted its position in BlackRock MuniHoldings Fund by 89.0% during the 4th quarter. M&T Bank Corp now owns 20,266 shares of the company’s stock worth $238,000 after acquiring an additional 9,543 shares during the period.

BlackRock MuniHoldings Fund Trading Up 0.1%

BlackRock MuniHoldings Fund stock opened at $11.77 on Thursday. The business’s 50-day simple moving average is $11.69 and its two-hundred day simple moving average is $11.71. BlackRock MuniHoldings Fund, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $12.05.

BlackRock MuniHoldings Fund Announces Dividend

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