BR-MUNIHLD FD 2 (MUH) Holdings Lifted by Total Investment Management Inc.
Total Investment Management Inc. raised its holdings in BR-MUNIHLD FD 2 (NYSE:MUH) by 19.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,123 shares of the investment management company’s stock after acquiring an additional 5,405 shares during the period. BR-MUNIHLD FD 2 comprises 0.2% of Total Investment Management Inc.’s holdings, making the stock its 19th biggest holding. Total Investment Management Inc. owned approximately 0.29% of BR-MUNIHLD FD 2 worth $519,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. grew its position in BR-MUNIHLD FD 2 by 0.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 13,129 shares of the investment management company’s stock valued at $207,000 after acquiring an additional 94 shares during the last quarter. Royal Bank of Canada grew its position in BR-MUNIHLD FD 2 by 28.2% in the second quarter. Royal Bank of Canada now owns 10,530 shares of the investment management company’s stock valued at $167,000 after acquiring an additional 2,315 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of BR-MUNIHLD FD 2 during the second quarter valued at about $634,000. Finally, Wells Fargo & Company MN boosted its stake in shares of BR-MUNIHLD FD 2 by 2.5% during the second quarter. Wells Fargo & Company MN now owns 29,025 shares of the investment management company’s stock valued at $458,000 after purchasing an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 7.21% of the company’s stock.
The firm also recently announced a monthly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th were paid a $0.0675 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.81 dividend on an annualized basis and a yield of 5.43%.
BR-MUNIHLD FD 2 Company Profile
BlackRock MuniHoldings Fund II, Inc is a non-diversified and 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 approximately 80% of its assets in municipal bonds exempt from federal income taxes.
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