BlackRock MuniHoldings Fund (NYSE:MHD) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $10.75 and traded as high as $10.81. BlackRock MuniHoldings Fund shares last traded at $10.7880, with a volume of 687,503 shares trading hands.

BlackRock MuniHoldings Fund Trading Up 1.0%

The firm has a 50-day moving average of $10.75 and a 200 day moving average of $11.47.

BlackRock MuniHoldings Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a dividend of $0.0595 per share. This represents a $0.71 annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, December 11th.

Hedge Funds Weigh In On BlackRock MuniHoldings Fund

A number of hedge funds have recently bought and sold shares of MHD. Livelsberger Financial Advisory bought a new stake in shares of BlackRock MuniHoldings Fund in the 3rd quarter valued at approximately $1,780,000. Verdence Capital Advisors LLC raised its position in shares of BlackRock MuniHoldings Fund by 4.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 78,642 shares of the company’s stock valued at $807,000 after acquiring an additional 3,448 shares in the last quarter. Leo Wealth LLC bought a new position in BlackRock MuniHoldings Fund during the third quarter worth $210,000. Accredited Investor Services LLC lifted its stake in BlackRock MuniHoldings Fund by 13.3% during the third quarter. Accredited Investor Services LLC now owns 17,951 shares of the company’s stock worth $184,000 after purchasing an additional 2,103 shares during the last quarter. Finally, Abel Hall LLC lifted its stake in BlackRock MuniHoldings Fund by 159.1% during the third quarter. Abel Hall LLC now owns 57,000 shares of the company’s stock worth $585,000 after purchasing an additional 35,000 shares during the last quarter.

BlackRock MuniHoldings Fund Company Profile

BlackRock MuniHoldings Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the ticker MHD. The fund is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc, and is designed to provide investors with access to a professionally managed portfolio of municipal securities.

The fund invests primarily in long-term municipal obligations issued by state and local governments, their agencies, and other public entities in the United States. Its investment strategy focuses on generating current income that is generally exempt from regular U.S.