BlackRock MuniHoldings Fund (NYSE:MHD) Stock Price Crosses Below 50 Day Moving Average of $11.90

Shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.90 and traded as low as $11.49. BlackRock MuniHoldings Fund shares last traded at $11.51, with a volume of 43,908 shares.

BlackRock MuniHoldings Fund Price Performance

The firm has a 50-day moving average of $11.90 and a 200 day moving average of $11.49.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.0525 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.63 annualized dividend and a yield of 5.47%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its position in BlackRock MuniHoldings Fund by 105.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 73,266 shares of the company’s stock worth $885,000 after purchasing an additional 37,600 shares during the period. Compass Financial Group INC SD lifted its position in BlackRock MuniHoldings Fund by 32.1% in the first quarter. Compass Financial Group INC SD now owns 225,522 shares of the company’s stock worth $2,724,000 after purchasing an additional 54,773 shares during the period. Nomura Holdings Inc. bought a new position in BlackRock MuniHoldings Fund in the fourth quarter worth $198,000. Virtu Financial LLC bought a new position in BlackRock MuniHoldings Fund in the fourth quarter worth $133,000. Finally, Nuveen Asset Management LLC bought a new position in shares of BlackRock MuniHoldings Fund during the fourth quarter valued at $373,000.

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.