November 16, 2016 - By Adrian Mccoy · 0 Comments
Blackrock Muniholdings Fund Inc (NYSE:MHD) institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.10, from 1.1 in 2016Q1. The ratio is more positive, as 12 hedge funds started new or increased stock positions, while 10 decreased and sold their equity positions in Blackrock Muniholdings Fund Inc. The hedge funds in our partner’s database now possess: 1.12 million shares, up from 949,090 shares in 2016Q1. Also, the number of hedge funds holding Blackrock Muniholdings Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 7 Increased: 7 New Position: 5.
BlackRock MuniHoldings Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $231.41 million. The Fund’s investment objective is to provide shareholders with current income exempt from federal income taxes. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
About 44,188 shares traded hands or 22.10% up from the average. BlackRock MuniHoldings Fund Inc. (NYSE:MHD) has declined 11.76% since April 14, 2016 and is downtrending. It has underperformed by 16.45% the S&P500.
Robinson Capital Management Llc holds 0.58% of its portfolio in BlackRock MuniHoldings Fund Inc. for 53,119 shares. Northeast Financial Consultants Inc owns 15,000 shares or 0.13% of their US portfolio. Moreover, Capital Investment Advisors Llc has 0.05% invested in the company for 25,879 shares. The Connecticut-based Essex Financial Services Inc. has invested 0.05% in the stock. Grace & White Inc Ny, a New York-based fund reported 12,369 shares.#img1#
BlackRock MuniHoldings Fund, Inc. (the Fund), formerly known as MuniHoldings Fund, Inc., is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income taxes. The Fund may invest in certain securities whose potential income return is inversely related to changes in a floating interest rate (inverse floaters). It may invest in swap agreements. The Fund may write covered call options and purchase call and put options.
Another recent and important BlackRock MuniHoldings Fund Inc. (NYSE:MHD) news was published by Nasdaq.com which published an article titled: “Blackrock MuniHoldings California Quality Fund, Inc. (MUC) Ex-Dividend Date …” on October 11, 2016.
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By Adrian Mccoy