Blackrock Muniholdings Fund II Inc. (NYSE:MUH)’s share price crossed 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 changing hands.
The company has a fifty day moving average price of $14.78 and a 200-day moving average price of $15.03.
A number of institutional investors have recently made changes to their positions in the stock. Sandy Spring Bank bought a new position in shares of Blackrock Muniholdings Fund II during the 2nd quarter valued at approximately $56,000. Millennium Management LLC purchased a new stake in Blackrock Muniholdings Fund II during the third quarter valued at $368,000. Pacitti Group Inc. bought a new position in Blackrock Muniholdings Fund II during the third quarter valued at $419,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in 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 purchasing an additional 1,125 shares during the last quarter. 8.86% of the stock is owned by institutional investors.
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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