Ackerman Capital Advisors LLC Raises Stake in BlackRock MuniHoldings Fund, Inc. (NYSE:MHD)

Ackerman Capital Advisors LLC lifted its stake in shares of BlackRock MuniHoldings Fund, Inc. (NYSE:MHD) by 42.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,640 shares of the company’s stock after acquiring an additional 20,935 shares during the period. Ackerman Capital Advisors LLC’s holdings in BlackRock MuniHoldings Fund were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MHD. Hennion & Walsh Asset Management Inc. raised its position in shares of BlackRock MuniHoldings Fund by 105.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 73,266 shares of the company’s stock valued at $885,000 after buying an additional 37,600 shares during the period. Van ECK Associates Corp raised its position in BlackRock MuniHoldings Fund by 4.9% in the first quarter. Van ECK Associates Corp now owns 411,409 shares of the company’s stock valued at $4,970,000 after purchasing an additional 19,194 shares during the period. Concourse Financial Group Securities Inc. lifted its stake in shares of BlackRock MuniHoldings Fund by 24.6% in the 1st quarter. Concourse Financial Group Securities Inc. now owns 10,962 shares of the company’s stock valued at $133,000 after purchasing an additional 2,165 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of BlackRock MuniHoldings Fund by 11.8% during the 1st quarter. Moloney Securities Asset Management LLC now owns 46,787 shares of the company’s stock worth $565,000 after purchasing an additional 4,942 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in shares of BlackRock MuniHoldings Fund by 14.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 31,556 shares of the company’s stock worth $381,000 after purchasing an additional 4,000 shares during the last quarter.

BlackRock MuniHoldings Fund Stock Up 0.5 %

NYSE MHD opened at $12.27 on Friday. The firm’s 50-day moving average is $12.59 and its two-hundred day moving average is $12.13. BlackRock MuniHoldings Fund, Inc. has a 12 month low of $9.92 and a 12 month high of $12.96.

BlackRock MuniHoldings Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.0595 dividend. This is an increase from BlackRock MuniHoldings Fund’s previous monthly dividend of $0.05. This represents a $0.71 annualized dividend and a yield of 5.82%. The ex-dividend date is Tuesday, October 15th.

BlackRock MuniHoldings Fund 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.