Blackrock Muniholdings Fund II (NYSE:MUH) Stock Passes Above 50 Day Moving Average of $14.79

Blackrock Muniholdings Fund II Inc. (NYSE:MUH)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.79 and traded as high as $14.89. Blackrock Muniholdings Fund II shares last traded at $14.84, with a volume of 13,665 shares traded.

The company has a 50-day moving average price of $14.79 and a 200-day moving average price of $15.03.

Several institutional investors have recently bought and sold shares of the company. Pacitti Group Inc. acquired a new position in shares of Blackrock Muniholdings Fund II in the 3rd quarter valued at approximately $419,000. Millennium Management LLC acquired a new position in shares of Blackrock Muniholdings Fund II in the 3rd quarter valued at approximately $368,000. Sandy Spring Bank acquired a new position in shares of Blackrock Muniholdings Fund II in the 2nd quarter valued at approximately $56,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Blackrock Muniholdings Fund II by 1.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,736 shares of the investment management company’s stock valued at $1,203,000 after purchasing an additional 1,125 shares during the period. Institutional investors own 8.86% of the company’s stock.

About Blackrock Muniholdings Fund II (NYSE:MUH)

BlackRock MuniHoldings Fund II, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets on the United States. It primarily invests in investment grade municipal bonds with a maturity of more than ten years at the time of investment.

Further Reading: Market Capitalization and Individual Investors

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