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

Shares of Blackrock Muniholdings Fund II Inc. (NYSE:MUH) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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.

The stock has a fifty day simple moving average of $14.79 and a 200-day simple moving average of $15.03.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pacitti Group Inc. bought a new position in shares of Blackrock Muniholdings Fund II during the third quarter valued at $419,000. Millennium Management LLC bought a new position in shares of Blackrock Muniholdings Fund II during the third quarter valued at $368,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Blackrock Muniholdings Fund II by 1.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,736 shares of the investment management company’s stock valued at $1,203,000 after acquiring an additional 1,125 shares during the period. Finally, Sandy Spring Bank bought a new position in shares of Blackrock Muniholdings Fund II during the second quarter valued at $56,000. 8.86% of the stock is owned by institutional investors.

Blackrock Muniholdings Fund II Company Profile (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.

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