BlackRock MuniHolding Insured Investm (NYSE:MFL)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $13.33 and last traded at $13.33, with a volume of 200 shares traded. The stock had previously closed at $13.24.
The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.0525 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.63 dividend on an annualized basis and a yield of 4.75%.
A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in BlackRock MuniHolding Insured Investm by 60.1% in the 4th quarter. Bank of America Corp DE now owns 939,328 shares of the investment management company’s stock worth $11,967,000 after purchasing an additional 352,766 shares during the period. Fiera Capital Corp purchased a new position in BlackRock MuniHolding Insured Investm in the 4th quarter worth approximately $9,346,000. Robinson Capital Management LLC purchased a new position in BlackRock MuniHolding Insured Investm in the 1st quarter worth approximately $5,646,000. Karpus Management Inc. increased its stake in BlackRock MuniHolding Insured Investm by 24.2% in the 4th quarter. Karpus Management Inc. now owns 308,466 shares of the investment management company’s stock worth $3,930,000 after purchasing an additional 60,054 shares during the period. Finally, Cohen & Steers Inc. increased its stake in BlackRock MuniHolding Insured Investm by 60.7% in the 4th quarter. Cohen & Steers Inc. now owns 196,129 shares of the investment management company’s stock worth $2,499,000 after purchasing an additional 74,091 shares during the period. 17.48% of the stock is currently owned by institutional investors and hedge funds.
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BlackRock MuniHoldings Investment Quality Fund operates as closed end management investment company. Its investment objective is to provide shareholders with current income exempt from federal income tax and to provide shareholders with the opportunity to own shares the value of which is exempt from Florida intangible personal property tax.
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