Blackrock Muniholdings Fund Ii , Inc (MUH): Michael J Castellano , director of Blackrock Muniholdings Fund Ii , Inc purchased 700 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.42 per share for a total value of $11,490.99 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 15, 2016, Jerrold B Harris (director) purchased 2,000 shares at $15.42 per share price.
Shares of Blackrock Muniholdings Fund II (MUH) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.02 points or -0.12% at $16.39 with 8,079 shares getting traded. Post opening the session at $16.33, the shares hit an intraday low of $16.33 and an intraday high of $16.42 and the price vacillated in this range throughout the day. The company has a market cap of $181 M and the number of outstanding shares has been calculated to be 1,10,73,000 shares. The 52-week high of Blackrock Muniholdings Fund II is $16.3701 and the 52-week low is $14.03.
BlackRock MuniHoldings Fund II Inc. is a non-diversified closed-ended management investment company. The Fund’s investment objective is to provide shareholders with current income exempt from federal income taxes. The Fund seeks to invest at least 80% of its assets in municipal bonds exempt from federal income taxes. The Fund seeks to invest at least 75% of its assets in municipal bonds rated investment grade. The Fund invests in long-term municipal bonds with a maturity of more than 10 years at the time of investment. The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund invests in the sectors including transportation health utilities education corporate tobacco and housing among others. The Fund’s investment advisor and manager is BlackRock Advisors LLC. BlackRock Advisors LLC is an indirect wholly owned subsidiary of BlackRock Inc.