Wells Fargo & Company MN decreased its position in BR-MUNIHLD INSR (NYSE:MFL) by 19.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 219,729 shares of the investment management company’s stock after selling 52,489 shares during the quarter. Wells Fargo & Company MN’s holdings in BR-MUNIHLD INSR were worth $3,232,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strid Group LLC purchased a new stake in shares of BR-MUNIHLD INSR during the second quarter valued at $148,000. Greytown Advisors Inc. lifted its holdings in BR-MUNIHLD INSR by 20.0% in the second quarter. Greytown Advisors Inc. now owns 49,870 shares of the investment management company’s stock valued at $735,000 after acquiring an additional 8,300 shares during the period. Advisors Asset Management Inc. lifted its holdings in BR-MUNIHLD INSR by 43.9% in the second quarter. Advisors Asset Management Inc. now owns 76,081 shares of the investment management company’s stock valued at $1,119,000 after acquiring an additional 23,205 shares during the period. Finally, First Trust Advisors LP lifted its holdings in BR-MUNIHLD INSR by 12.4% in the second quarter. First Trust Advisors LP now owns 72,887 shares of the investment management company’s stock valued at $1,072,000 after acquiring an additional 8,047 shares during the period. 14.19% of the stock is currently owned by hedge funds and other institutional investors.
BR-MUNIHLD INSR (NYSE MFL) opened at 14.95 on Friday. BR-MUNIHLD INSR has a 1-year low of $13.52 and a 1-year high of $15.33. The stock has a 50 day moving average price of $15.01 and a 200 day moving average price of $14.84.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, October 16th will be issued a dividend of $0.0715 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date is Friday, October 13th.
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BR-MUNIHLD INSR Company Profile
BlackRock MuniHoldings Investment Quality Fund (the Trust) is a non-diversified, closed-end management investment trust. The Trust’s 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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