Sandy Spring Bank purchased a new position in shares of Blackrock Muniholdings Fund II Inc. (NYSE:MUH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,700 shares of the investment management company’s stock, valued at approximately $56,000.
Separately, Bank of America Corp DE lifted its stake in shares of Blackrock Muniholdings Fund II by 24.0% during the 4th quarter. Bank of America Corp DE now owns 25,419 shares of the investment management company’s stock worth $329,000 after acquiring an additional 4,917 shares during the last quarter. Hedge funds and other institutional investors own 9.18% of the company’s stock.
Shares of MUH stock opened at $15.42 on Friday. Blackrock Muniholdings Fund II Inc. has a 52-week low of $12.52 and a 52-week high of $15.64. The stock has a 50 day moving average price of $15.40 and a 200 day moving average price of $14.77.
About Blackrock Muniholdings Fund II
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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