Peak Asset Management LLC Makes New $1.51 Million Investment in BlackRock MuniHoldings Fund, Inc. $MHD

Peak Asset Management LLC acquired a new position in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 127,261 shares of the company’s stock, valued at approximately $1,514,000.

A number of other hedge funds have also made changes to their positions in the stock. Riverbridge Partners LLC increased its stake in shares of BlackRock MuniHoldings Fund by 100.2% in the first quarter. Riverbridge Partners LLC now owns 115,874 shares of the company’s stock worth $1,307,000 after purchasing an additional 57,999 shares during the period. Indiana Trust & Investment Management Co bought a new stake in BlackRock MuniHoldings Fund during the 1st quarter valued at approximately $767,000. Global Retirement Partners LLC bought a new stake in BlackRock MuniHoldings Fund during the 2nd quarter valued at approximately $741,000. Rivernorth Capital Management LLC grew its holdings in BlackRock MuniHoldings Fund by 199.7% in the 1st quarter. Rivernorth Capital Management LLC now owns 12,505,825 shares of the company’s stock valued at $141,066,000 after buying an additional 8,333,674 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in BlackRock MuniHoldings Fund by 857.0% in the 1st quarter. Kestra Advisory Services LLC now owns 51,093 shares of the company’s stock valued at $576,000 after buying an additional 45,754 shares during the last quarter.

BlackRock MuniHoldings Fund Price Performance

Shares of NYSE MHD opened at $11.40 on Tuesday. BlackRock MuniHoldings Fund, Inc. has a 12 month low of $11.03 and a 12 month high of $12.08. The business’s 50 day moving average is $11.68 and its two-hundred day moving average is $11.68.

BlackRock MuniHoldings Fund Announces Dividend

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