Western Wealth Management LLC Makes New Investment in BlackRock MuniHoldings Fund, Inc. $MHD

Western Wealth Management LLC acquired a new stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 60,865 shares of the company’s stock, valued at approximately $669,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MHD. Hollencrest Capital Management purchased a new position in shares of BlackRock MuniHoldings Fund in the first quarter worth $26,000. Pinnacle Bancorp Inc. purchased a new position in BlackRock MuniHoldings Fund during the first quarter valued at $38,000. First Bancorp Inc ME purchased a new position in BlackRock MuniHoldings Fund during the second quarter valued at $42,000. Geneos Wealth Management Inc. increased 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 acquiring an additional 3,706 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in BlackRock MuniHoldings Fund in the 4th quarter valued at $57,000.

BlackRock MuniHoldings Fund Trading Up 0.6%

Shares of MHD stock opened at $11.48 on Wednesday. The company’s fifty day simple moving average is $11.68 and its two-hundred day simple moving average is $11.68. BlackRock MuniHoldings Fund, Inc. has a 52 week low of $11.03 and a 52 week high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0595 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.