BlackRock MuniHoldings Fund (NYSE:MHD) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.71 and traded as low as $11.39. BlackRock MuniHoldings Fund shares last traded at $11.3950, with a volume of 369,013 shares changing hands.

BlackRock MuniHoldings Fund Stock Up 0.0%

The firm has a fifty day moving average price of $11.60 and a 200-day moving average price of $11.71.

BlackRock MuniHoldings Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.0595 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

Several institutional investors have recently modified their holdings of MHD. Royal Bank of Canada grew its holdings in shares of BlackRock MuniHoldings Fund by 17.9% in the first quarter. Royal Bank of Canada now owns 73,896 shares of the company’s stock valued at $868,000 after acquiring an additional 11,216 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of 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 acquiring an additional 1,937 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of BlackRock MuniHoldings Fund in the first quarter valued at approximately $118,000. Geneos Wealth Management Inc. grew its holdings in shares of BlackRock MuniHoldings Fund by 389.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock valued at $55,000 after acquiring an additional 3,706 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of BlackRock MuniHoldings Fund by 39.3% in the second quarter. Invesco Ltd. now owns 172,436 shares of the company’s stock valued at $1,931,000 after acquiring an additional 48,644 shares in the last quarter.

About BlackRock MuniHoldings Fund

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.