BlackRock MuniHoldings Fund, Inc. $MHD Position Raised by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC boosted its holdings in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 199.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,505,825 shares of the company’s stock after buying an additional 8,333,674 shares during the period. BlackRock MuniHoldings Fund makes up about 7.1% of Rivernorth Capital Management LLC’s holdings, making the stock its largest holding. Rivernorth Capital Management LLC’s holdings in BlackRock MuniHoldings Fund were worth $141,066,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Riverbridge Partners LLC boosted its position in shares of BlackRock MuniHoldings Fund by 100.2% during the 1st quarter. Riverbridge Partners LLC now owns 115,874 shares of the company’s stock valued at $1,307,000 after acquiring an additional 57,999 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in BlackRock MuniHoldings Fund by 813.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,105 shares of the company’s stock valued at $5,977,000 after purchasing an additional 453,353 shares in the last quarter. Rareview Capital LLC raised its stake in BlackRock MuniHoldings Fund by 23.8% in the fourth quarter. Rareview Capital LLC now owns 398,623 shares of the company’s stock valued at $4,465,000 after purchasing an additional 76,718 shares in the last quarter. Kestra Advisory Services LLC lifted its position in BlackRock MuniHoldings Fund by 857.0% during the first quarter. Kestra Advisory Services LLC now owns 51,093 shares of the company’s stock valued at $576,000 after purchasing an additional 45,754 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in BlackRock MuniHoldings Fund during the first quarter valued at approximately $749,000.

BlackRock MuniHoldings Fund Price Performance

MHD stock opened at $11.51 on Wednesday. The firm has a 50 day simple moving average of $11.71 and a two-hundred day simple moving average of $11.73. BlackRock MuniHoldings Fund, Inc. has a one year low of $10.99 and a one year high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0595 dividend. This represents a c) dividend on an annualized basis and a 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.