BlackRock MuniHoldings Fund, Inc. $MHD Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 53.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 123,549 shares of the company’s stock after selling 141,375 shares during the period. Envestnet Asset Management Inc.’s holdings in BlackRock MuniHoldings Fund were worth $1,452,000 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 the stock. Royal Bank of Canada lifted its stake in shares of BlackRock MuniHoldings Fund by 17.9% during the first quarter. Royal Bank of Canada now owns 73,896 shares of the company’s stock worth $868,000 after buying an additional 11,216 shares during the period. NewEdge Advisors LLC lifted its position in BlackRock MuniHoldings Fund by 6.3% during the 1st 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 1st quarter worth about $118,000. Geneos Wealth Management Inc. grew its stake in BlackRock MuniHoldings Fund by 389.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock valued at $55,000 after purchasing an additional 3,706 shares during the last quarter. Finally, World Investment Advisors acquired a new position in shares of BlackRock MuniHoldings Fund in the second quarter valued at about $115,000.

BlackRock MuniHoldings Fund Stock Performance

Shares of NYSE:MHD opened at $11.93 on Monday. BlackRock MuniHoldings Fund, Inc. has a 52-week low of $10.79 and a 52-week high of $12.13. The business has a 50-day moving average price of $11.80 and a 200-day moving average price of $11.68.

BlackRock MuniHoldings Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.0595 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.