BlackRock MuniHoldings Fund (NYSE:MHD) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.56 and traded as low as $11.97. BlackRock MuniHoldings Fund shares last traded at $11.99, with a volume of 179,183 shares trading hands.

BlackRock MuniHoldings Fund Stock Performance

The business’s 50 day simple moving average is $12.56 and its two-hundred day simple moving average is $12.16.

BlackRock MuniHoldings Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0595 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.71 dividend on an annualized basis and a yield of 5.95%.

Institutional Investors Weigh In On BlackRock MuniHoldings Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its stake in BlackRock MuniHoldings Fund by 4.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 33,543 shares of the company’s stock valued at $424,000 after buying an additional 1,456 shares during the last quarter. Catalina Capital Group LLC purchased a new stake in BlackRock MuniHoldings Fund during the 3rd quarter valued at $163,000. US Bancorp DE purchased a new stake in BlackRock MuniHoldings Fund during the 3rd quarter valued at $48,000. Ackerman Capital Advisors LLC raised its stake in BlackRock MuniHoldings Fund by 42.1% during the 3rd quarter. Ackerman Capital Advisors LLC now owns 70,640 shares of the company’s stock valued at $894,000 after buying an additional 20,935 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in BlackRock MuniHoldings Fund by 84.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 538,491 shares of the company’s stock valued at $6,812,000 after buying an additional 246,335 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.