Northwestern Mutual Wealth Management Co. Buys Shares of 364,958 BlackRock MuniHoldings Fund, Inc. $MHD

Northwestern Mutual Wealth Management Co. bought a new position in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) in the 2nd quarter, HoldingsChannel reports. The fund bought 364,958 shares of the company’s stock, valued at approximately $4,011,000.

A number of other institutional investors have also made changes to their positions in MHD. Royal Bank of Canada lifted its holdings in shares of BlackRock MuniHoldings Fund by 17.9% in the 1st quarter. Royal Bank of Canada now owns 73,896 shares of the company’s stock worth $868,000 after acquiring an additional 11,216 shares during the last quarter. NewEdge Advisors LLC increased its holdings in BlackRock MuniHoldings Fund by 6.3% in the 1st 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 last quarter. Goldman Sachs Group Inc. purchased a new stake in BlackRock MuniHoldings Fund in the first quarter valued at approximately $118,000. Geneos Wealth Management Inc. lifted its stake in BlackRock MuniHoldings Fund by 389.7% during the first quarter. Geneos Wealth Management Inc. now owns 4,657 shares of the company’s stock worth $55,000 after purchasing an additional 3,706 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in BlackRock MuniHoldings Fund by 39.3% during the second quarter. Invesco Ltd. now owns 172,436 shares of the company’s stock worth $1,931,000 after purchasing an additional 48,644 shares in the last quarter.

BlackRock MuniHoldings Fund Stock Performance

Shares of BlackRock MuniHoldings Fund stock opened at $11.41 on Monday. The business has a 50-day moving average of $11.69 and a 200 day moving average of $11.69. BlackRock MuniHoldings Fund, Inc. has a 12 month low of $11.02 and a 12 month high of $12.08.

BlackRock MuniHoldings Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0595 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 15th.

About BlackRock MuniHoldings Fund

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.