BlackRock MuniHoldings Fund (NYSE:MHD) Stock Price Crosses Above 50-Day Moving Average of $11.72

Shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.72 and traded as high as $12.02. BlackRock MuniHoldings Fund shares last traded at $11.95, with a volume of 65,359 shares changing hands.

BlackRock MuniHoldings Fund Price Performance

The business’s fifty day simple moving average is $11.72 and its two-hundred day simple moving average is $11.82.

BlackRock MuniHoldings Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.0525 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.63 annualized dividend and a dividend yield of 5.27%.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

Hedge funds have recently bought and sold shares of the business. Cetera Advisors LLC acquired a new position in shares of BlackRock MuniHoldings Fund during the 1st quarter worth approximately $194,000. Karpus Management Inc. raised its position in BlackRock MuniHoldings Fund by 9.9% during the first quarter. Karpus Management Inc. now owns 6,202,504 shares of the company’s stock worth $74,926,000 after acquiring an additional 556,998 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in BlackRock MuniHoldings Fund by 14.5% during the first quarter. Oppenheimer & Co. Inc. now owns 31,556 shares of the company’s stock valued at $381,000 after purchasing an additional 4,000 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in shares of BlackRock MuniHoldings Fund by 11.8% in the first quarter. Moloney Securities Asset Management LLC now owns 46,787 shares of the company’s stock valued at $565,000 after purchasing an additional 4,942 shares during the period. Finally, Concourse Financial Group Securities Inc. increased its stake in shares of BlackRock MuniHoldings Fund by 24.6% during the first quarter. Concourse Financial Group Securities Inc. now owns 10,962 shares of the company’s stock worth $133,000 after purchasing an additional 2,165 shares in the last quarter.

About BlackRock MuniHoldings Fund

BlackRock MuniHoldings Fund, Inc is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds that are exempt from federal income taxes.