BlackRock MuniHoldings Fund (NYSE:MHD) Shares Break Above Fifty Day Moving Average – Here’s What Happened

Shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $10.75 and traded as high as $10.81. BlackRock MuniHoldings Fund shares last traded at $10.7880, with a volume of 687,503 shares traded.

BlackRock MuniHoldings Fund Stock Performance

The business has a 50-day moving average price of $10.74 and a 200-day moving average price of $11.47.

BlackRock MuniHoldings Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a $0.0595 dividend. This represents a $0.71 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, November 13th.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHD. Hollencrest Capital Management purchased a new stake in BlackRock MuniHoldings Fund during the 1st quarter valued at about $26,000. MCF Advisors LLC acquired a new stake in BlackRock MuniHoldings Fund in the 2nd quarter valued at about $27,000. First Bancorp Inc ME acquired a new stake in BlackRock MuniHoldings Fund in the 2nd quarter valued at about $42,000. Dumont & Blake Investment Advisors LLC purchased a new position in BlackRock MuniHoldings Fund in the 1st quarter worth approximately $120,000. Finally, Independent Financial Group LLC purchased a new position in BlackRock MuniHoldings Fund in the 1st quarter worth approximately $129,000.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol MHD. The fund seeks to provide current income exempt from regular U.S. federal income tax by investing primarily in a portfolio of long-term municipal obligations.

Its investments generally include bonds and other debt securities issued by states, cities, counties, municipalities, public authorities and other governmental entities throughout the United States. These securities may finance public infrastructure and services such as transportation, utilities, education and health care.