Insider Buying: Blackrock Muniholdings Insured Fund II (MUE) Director Acquires $11,328.00 in Stock

Blackrock Muniholdings Insured Fund II (NYSE:MUE) Director Michael J. Castellano purchased 800 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of $14.16 per share, with a total value of $11,328.00. Following the completion of the acquisition, the director now directly owns 800 shares in the company, valued at $11,328. The purchase was disclosed in a filing with the SEC, which is available through this link.

Blackrock Muniholdings Insured Fund II (NYSE MUE) traded up 0.14% during midday trading on Monday, reaching $14.24. 7,995 shares of the company were exchanged. Blackrock Muniholdings Insured Fund II has a 52 week low of $12.57 and a 52 week high of $14.93. The company has a 50-day moving average of $14.12 and a 200 day moving average of $13.66.

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.064 per share. This represents a $0.77 annualized dividend and a yield of 5.40%. The ex-dividend date is Thursday, September 14th.

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Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in Blackrock Muniholdings Insured Fund II by 1.1% during the second quarter. Advisors Asset Management Inc. now owns 316,359 shares of the investment management company’s stock worth $4,312,000 after buying an additional 3,338 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Blackrock Muniholdings Insured Fund II by 1.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,644 shares of the investment management company’s stock worth $172,000 after buying an additional 126 shares during the period. Royal Bank of Canada boosted its stake in Blackrock Muniholdings Insured Fund II by 3.1% during the second quarter. Royal Bank of Canada now owns 26,892 shares of the investment management company’s stock worth $367,000 after buying an additional 800 shares during the period. Van ECK Associates Corp boosted its stake in Blackrock Muniholdings Insured Fund II by 12.8% during the second quarter. Van ECK Associates Corp now owns 54,595 shares of the investment management company’s stock worth $744,000 after buying an additional 6,199 shares during the period. Finally, Abbot Financial Management Inc. purchased a new position in Blackrock Muniholdings Insured Fund II during the second quarter worth $168,000.

About Blackrock Muniholdings Insured Fund II

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).

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