Northwestern Mutual Wealth Management Co. Makes New $4.01 Million Investment in BlackRock MuniHoldings Fund, Inc. $MHD

Northwestern Mutual Wealth Management Co. purchased a new position in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 364,958 shares of the company’s stock, valued at approximately $4,011,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MHD. Hollencrest Capital Management acquired a new stake in BlackRock MuniHoldings Fund during the first quarter worth about $26,000. Pinnacle Bancorp Inc. purchased a new position in BlackRock MuniHoldings Fund during the first quarter worth about $38,000. Geneos Wealth Management Inc. boosted its holdings in BlackRock MuniHoldings Fund by 389.7% in 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. Global Retirement Partners LLC acquired a new position in BlackRock MuniHoldings Fund in the 4th quarter valued at about $57,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of BlackRock MuniHoldings Fund in the 4th quarter valued at approximately $62,000.

BlackRock MuniHoldings Fund Stock Up 0.1%

MHD stock opened at $11.41 on Monday. BlackRock MuniHoldings Fund, Inc. has a one year low of $11.02 and a one year high of $12.08. The firm’s 50 day moving average price is $11.69 and its 200-day moving average price is $11.69.

BlackRock MuniHoldings Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0595 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.3%.

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.