MHD Stock Summary and Trading Ideas (Blackrock Muni Holdings Co | NYSE:MHD)

BlackRock MuniHoldings Fund, Inc.’s (MHD) (the “Fund”) investment objective is to provide shareholders with current income exempt from federal income taxes. The Fund seeks to achieve its investment objective by investing at least 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). The Fund invests, under normal market conditions, at least 75% of its assets in municipal bonds rated investment grade and invests primarily in long-term municipal bonds with a maturity of more than ten years at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Muni Holdings Co trades on the NYSE stock market under the symbol MHD.

As of April 19, 2024, MHD stock price climbed to $11.51 with 43,641 million shares trading.

MHD has a beta of 0.70, meaning it tends to be less sensitive to market movements. MHD has a correlation of 0.36 to the broad based SPY ETF.

MHD has a market cap of $600.15 million. This is considered a Small Cap stock.

In the last 3 years, MHD stock traded as high as $17.50 and as low as $9.92.

MHD has underperformed the market in the last year with a return of +2.4%, while the SPY ETF gained +21.2%. In the last 3 month period, MHD fell short of the market, returning -0.2%, while SPY returned +4.3%. However, in the most recent 2 weeks MHD has outperformed the stock market by returning -2.4%, while SPY returned -3.5%.

MHD support price is $11.42 and resistance is $11.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MHD stock will trade within this expected range on the day.