BlackRock MuniHoldings Fund (NYSE:MHD) Share Price Passes Below 50 Day Moving Average – What’s Next?

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.81 and traded as low as $11.33. BlackRock MuniHoldings Fund shares last traded at $11.42, with a volume of 600,041 shares.

BlackRock MuniHoldings Fund Stock Down 0.5%

The stock has a fifty day moving average price of $11.81 and a two-hundred day moving average price of $11.74.

BlackRock MuniHoldings Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a $0.0595 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

A number of hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. raised its holdings in shares of BlackRock MuniHoldings Fund by 10.2% in the fourth quarter. Sit Investment Associates Inc. now owns 331,967 shares of the company’s stock valued at $3,897,000 after purchasing an additional 30,668 shares during the last quarter. Invesco Ltd. boosted its holdings in BlackRock MuniHoldings Fund by 3.8% during the fourth quarter. Invesco Ltd. now owns 217,664 shares of the company’s stock worth $2,555,000 after purchasing an additional 7,915 shares during the last quarter. NewEdge Advisors LLC grew its position in BlackRock MuniHoldings Fund by 17.1% in the 4th quarter. NewEdge Advisors LLC now owns 68,984 shares of the company’s stock worth $810,000 after purchasing an additional 10,077 shares in the last quarter. Rivernorth Capital Management LLC grew its position in BlackRock MuniHoldings Fund by 0.7% in the 4th quarter. Rivernorth Capital Management LLC now owns 4,172,151 shares of the company’s stock worth $48,981,000 after purchasing an additional 29,950 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in BlackRock MuniHoldings Fund in the 4th quarter valued at about $173,000.

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.