Sit Investment Associates Inc. Acquires 12,047 Shares of Blackrock Muniholdings Insured Fund II (MUE)

Sit Investment Associates Inc. raised its holdings in Blackrock Muniholdings Insured Fund II (NYSE:MUE) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 337,406 shares of the investment management company’s stock after purchasing an additional 12,047 shares during the quarter. Sit Investment Associates Inc.’s holdings in Blackrock Muniholdings Insured Fund II were worth $4,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nwam LLC boosted its holdings in Blackrock Muniholdings Insured Fund II by 39.5% in the 3rd quarter. Nwam LLC now owns 88,305 shares of the investment management company’s stock valued at $1,230,000 after purchasing an additional 25,000 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Blackrock Muniholdings Insured Fund II by 1.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,644 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 126 shares during the period. Royal Bank of Canada boosted its holdings in Blackrock Muniholdings Insured Fund II by 3.1% in the 2nd quarter. Royal Bank of Canada now owns 26,892 shares of the investment management company’s stock valued at $367,000 after purchasing an additional 800 shares during the period. Van ECK Associates Corp boosted its holdings in Blackrock Muniholdings Insured Fund II by 12.8% in the 2nd quarter. Van ECK Associates Corp now owns 54,595 shares of the investment management company’s stock valued at $744,000 after purchasing an additional 6,199 shares during the period. Finally, Abbot Financial Management Inc. bought a new stake in Blackrock Muniholdings Insured Fund II in the 2nd quarter valued at about $168,000.

Shares of Blackrock Muniholdings Insured Fund II (NYSE MUE) opened at $13.71 on Friday. Blackrock Muniholdings Insured Fund II has a twelve month low of $12.84 and a twelve month high of $14.33.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 16th will be issued a $0.064 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Friday, January 12th.

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Blackrock Muniholdings Insured Fund II Company Profile

BlackRock MuniHoldings Quality Fund II, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide shareholders with current income exempt from federal income taxes. The Fund seeks to achieve its investment objective by investing primarily in long-term, investment grade municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).

Want to see what other hedge funds are holding MUE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock Muniholdings Insured Fund II (NYSE:MUE).

Institutional Ownership by Quarter for Blackrock Muniholdings Insured Fund II (NYSE:MUE)

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