Allegheny Financial Group Makes New $1.75 Million Investment in BlackRock MuniHoldings Fund, Inc. $MHD

Allegheny Financial Group acquired a new position in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 155,479 shares of the company’s stock, valued at approximately $1,754,000.

Several other large investors have also modified their holdings of MHD. Rivernorth Capital Management LLC boosted its holdings in BlackRock MuniHoldings Fund by 0.7% during the fourth quarter. Rivernorth Capital Management LLC now owns 4,172,151 shares of the company’s stock valued at $48,981,000 after acquiring an additional 29,950 shares during the period. Bank of America Corp DE increased its stake in shares of BlackRock MuniHoldings Fund by 8.3% in the second quarter. Bank of America Corp DE now owns 822,170 shares of the company’s stock worth $9,208,000 after purchasing an additional 63,038 shares during the period. Advisors Asset Management Inc. lifted its position in shares of BlackRock MuniHoldings Fund by 21.2% during the 4th quarter. Advisors Asset Management Inc. now owns 644,275 shares of the company’s stock worth $7,564,000 after purchasing an additional 112,528 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of BlackRock MuniHoldings Fund by 813.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 509,105 shares of the company’s stock worth $5,977,000 after purchasing an additional 453,353 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in BlackRock MuniHoldings Fund by 14.7% during the 4th quarter. Van ECK Associates Corp now owns 433,519 shares of the company’s stock valued at $5,090,000 after purchasing an additional 55,501 shares during the period.

BlackRock MuniHoldings Fund Price Performance

MHD opened at $11.73 on Monday. The stock’s 50 day moving average price is $11.69 and its two-hundred day moving average price is $11.71. BlackRock MuniHoldings Fund, Inc. has a 12-month low of $10.92 and a 12-month high of $12.05.

BlackRock MuniHoldings Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.0595 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.