Mathes Company Inc. Buys New Holdings in BlackRock MuniHoldings Fund, Inc. $MHD

Mathes Company Inc. purchased a new position in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 101,298 shares of the company’s stock, valued at approximately $1,143,000.

A number of other hedge funds have also recently added to or reduced their stakes in MHD. Riverbridge Partners LLC grew its position in BlackRock MuniHoldings Fund by 100.2% in the 1st quarter. Riverbridge Partners LLC now owns 115,874 shares of the company’s stock valued at $1,307,000 after purchasing an additional 57,999 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of BlackRock MuniHoldings Fund by 813.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,105 shares of the company’s stock valued at $5,977,000 after buying an additional 453,353 shares during the last quarter. Rareview Capital LLC grew its holdings in shares of BlackRock MuniHoldings Fund by 23.8% during the fourth quarter. Rareview Capital LLC now owns 398,623 shares of the company’s stock valued at $4,465,000 after buying an additional 76,718 shares during the last quarter. Fortitude Advisory Group L.L.C. increased its position in shares of BlackRock MuniHoldings Fund by 354.2% during the first quarter. Fortitude Advisory Group L.L.C. now owns 105,020 shares of the company’s stock worth $1,185,000 after acquiring an additional 81,896 shares in the last quarter. Finally, Indiana Trust & Investment Management Co acquired a new stake in shares of BlackRock MuniHoldings Fund in the 1st quarter worth about $767,000.

BlackRock MuniHoldings Fund Trading Down 1.1%

MHD stock opened at $11.67 on Wednesday. The business has a 50-day simple moving average of $11.71 and a two-hundred day simple moving average of $11.73. BlackRock MuniHoldings Fund, Inc. has a 52-week low of $10.96 and a 52-week high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0595 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.1%.

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.