LM Advisors LLC Purchases Shares of 154,456 BlackRock MuniHoldings Fund, Inc. $MHD

LM Advisors LLC purchased a new position in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 154,456 shares of the company’s stock, valued at approximately $1,837,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hollencrest Capital Management purchased a new position in shares of BlackRock MuniHoldings Fund during the first quarter valued at about $26,000. Pinnacle Bancorp Inc. purchased a new stake in shares of BlackRock MuniHoldings Fund in the first quarter worth about $38,000. Geneos Wealth Management Inc. lifted its position in shares of BlackRock MuniHoldings Fund by 389.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock worth $55,000 after buying an additional 3,706 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of BlackRock MuniHoldings Fund in the fourth quarter worth about $57,000. Finally, Camelot Portfolios LLC bought a new position in BlackRock MuniHoldings Fund during the fourth quarter valued at approximately $62,000.

BlackRock MuniHoldings Fund Price Performance

Shares of BlackRock MuniHoldings Fund stock opened at $11.41 on Friday. The stock has a 50 day moving average of $11.69 and a 200 day moving average of $11.69. BlackRock MuniHoldings Fund, Inc. has a 12 month low of $11.02 and a 12 month high of $12.08.

BlackRock MuniHoldings Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0595 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. 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.