Rivernorth Capital Management LLC Has $141.07 Million Stock Position in BlackRock MuniHoldings Fund, Inc. $MHD

Rivernorth Capital Management LLC boosted its holdings in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 199.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,505,825 shares of the company’s stock after purchasing an additional 8,333,674 shares during the period. BlackRock MuniHoldings Fund makes up 7.1% of Rivernorth Capital Management LLC’s portfolio, making the stock its largest position. Rivernorth Capital Management LLC’s holdings in BlackRock MuniHoldings Fund were worth $141,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Scarborough Advisors LLC increased its holdings in shares of BlackRock MuniHoldings Fund by 2.3% in the fourth quarter. Scarborough Advisors LLC now owns 38,796 shares of the company’s stock worth $455,000 after buying an additional 887 shares during the period. Osaic Holdings Inc. grew its position in BlackRock MuniHoldings Fund by 7.0% during the 2nd quarter. Osaic Holdings Inc. now owns 18,716 shares of the company’s stock worth $210,000 after acquiring an additional 1,227 shares during the last quarter. World Investment Advisors lifted its position in BlackRock MuniHoldings Fund by 12.2% in the first quarter. World Investment Advisors now owns 11,500 shares of the company’s stock valued at $130,000 after purchasing an additional 1,251 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniHoldings Fund by 6.3% during the first quarter. NewEdge Advisors LLC now owns 32,543 shares of the company’s stock valued at $382,000 after purchasing an additional 1,937 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of BlackRock MuniHoldings Fund in the first quarter worth approximately $26,000.

BlackRock MuniHoldings Fund Stock Up 0.2%

Shares of NYSE MHD opened at $11.51 on Wednesday. The firm’s fifty day moving average is $11.71 and its 200 day moving average is $11.73. BlackRock MuniHoldings Fund, Inc. has a 52 week low of $10.99 and a 52 week high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

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 paid a dividend of $0.0595 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. 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.