BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) to Issue Monthly Dividend of $0.06

BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be given a dividend of 0.0595 per share on Friday, August 1st. This represents a $0.71 dividend on an annualized basis and a yield of 6.34%. The ex-dividend date of this dividend is Tuesday, July 15th.

BlackRock MuniHoldings Fund Stock Performance

Shares of NYSE:MHD opened at $11.26 on Friday. BlackRock MuniHoldings Fund has a 1-year low of $10.79 and a 1-year high of $12.96. The stock’s fifty day simple moving average is $11.23 and its two-hundred day simple moving average is $11.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake 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 buying an additional 3,706 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in shares of BlackRock MuniHoldings Fund in the first quarter valued at approximately $118,000. NewEdge Advisors LLC grew its holdings in shares of BlackRock MuniHoldings Fund by 6.3% in the first quarter. NewEdge Advisors LLC now owns 32,543 shares of the company’s stock valued at $382,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of BlackRock MuniHoldings Fund by 17.9% during the first quarter. Royal Bank of Canada now owns 73,896 shares of the company’s stock valued at $868,000 after acquiring an additional 11,216 shares during the last quarter.

BlackRock MuniHoldings Fund Company Profile

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.