Sit Investment Associates Inc. Decreases Position in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)

Sit Investment Associates Inc. reduced its position in shares of BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) by 25.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,999 shares of the investment management company’s stock after selling 89,994 shares during the period. Sit Investment Associates Inc.’s holdings in BlackRock MuniHoldings Quality Fund II were worth $2,495,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of BlackRock MuniHoldings Quality Fund II by 2.5% in the first quarter. Nations Financial Group Inc. IA ADV now owns 60,819 shares of the investment management company’s stock worth $611,000 after acquiring an additional 1,500 shares during the last quarter. Dakota Wealth Management boosted its stake in BlackRock MuniHoldings Quality Fund II by 6.6% during the 2nd quarter. Dakota Wealth Management now owns 33,700 shares of the investment management company’s stock worth $327,000 after purchasing an additional 2,100 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of BlackRock MuniHoldings Quality Fund II by 17.8% during the first quarter. Advisory Services Network LLC now owns 16,990 shares of the investment management company’s stock worth $171,000 after buying an additional 2,562 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of BlackRock MuniHoldings Quality Fund II by 26.9% in the first quarter. Advisor Group Holdings Inc. now owns 15,327 shares of the investment management company’s stock valued at $185,000 after buying an additional 3,248 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of BlackRock MuniHoldings Quality Fund II by 22.6% in the first quarter. Ameriprise Financial Inc. now owns 22,238 shares of the investment management company’s stock valued at $223,000 after buying an additional 4,100 shares during the last quarter.

BlackRock MuniHoldings Quality Fund II Stock Performance

MUE opened at $9.46 on Thursday. BlackRock MuniHoldings Quality Fund II, Inc. has a twelve month low of $8.53 and a twelve month high of $10.58. The firm’s 50-day moving average price is $9.00 and its 200 day moving average price is $9.44.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Tuesday, November 14th.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings Quality 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.