Envestnet Asset Management Inc. Trims Stake in BlackRock MuniHoldings Fund, Inc. $MHD

Envestnet Asset Management Inc. cut its stake in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 53.4% in the third quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of BlackRock MuniHoldings Fund by 17.9% during the 1st quarter. Royal Bank of Canada now owns 73,896 shares of the company’s stock valued at $868,000 after purchasing an additional 11,216 shares in the last quarter. NewEdge Advisors LLC increased its holdings in BlackRock MuniHoldings Fund by 6.3% in the first quarter. NewEdge Advisors LLC now owns 32,543 shares of the company’s stock valued at $382,000 after buying an additional 1,937 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of BlackRock MuniHoldings Fund in the first quarter worth about $118,000. Geneos Wealth Management Inc. boosted its stake in shares of BlackRock MuniHoldings Fund by 389.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock worth $55,000 after acquiring an additional 3,706 shares in the last quarter. Finally, World Investment Advisors purchased a new stake in shares of BlackRock MuniHoldings Fund during the 2nd quarter worth about $115,000.

BlackRock MuniHoldings Fund Stock Performance

Shares of BlackRock MuniHoldings Fund stock opened at $11.93 on Monday. BlackRock MuniHoldings Fund, Inc. has a twelve month low of $10.79 and a twelve month 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 Dividend Announcement

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

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.