Ackerman Capital Advisors LLC Purchases New Stake in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Ackerman Capital Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,341 shares of the investment management company’s stock, valued at approximately $199,000. Ackerman Capital Advisors LLC owned about 0.09% of BlackRock MuniYield Quality Fund II at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in MQT. Private Advisor Group LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund II during the fourth quarter worth $108,000. Summit Trail Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund II in the first quarter worth approximately $317,000. Concurrent Investment Advisors LLC raised its stake in BlackRock MuniYield Quality Fund II by 28.3% in the first quarter. Concurrent Investment Advisors LLC now owns 34,684 shares of the investment management company’s stock valued at $365,000 after purchasing an additional 7,647 shares in the last quarter. Van ECK Associates Corp lifted its position in BlackRock MuniYield Quality Fund II by 12.1% during the fourth quarter. Van ECK Associates Corp now owns 165,539 shares of the investment management company’s stock valued at $1,713,000 after purchasing an additional 17,898 shares during the last quarter. Finally, Raymond James & Associates grew its stake in BlackRock MuniYield Quality Fund II by 1.7% in the 2nd quarter. Raymond James & Associates now owns 243,612 shares of the investment management company’s stock worth $2,507,000 after buying an additional 4,095 shares in the last quarter. 30.75% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund II Stock Performance

Shares of BlackRock MuniYield Quality Fund II stock remained flat at $10.52 on Monday. 49,918 shares of the stock traded hands, compared to its average volume of 48,529. The company’s 50-day simple moving average is $10.41 and its 200-day simple moving average is $10.27. BlackRock MuniYield Quality Fund II, Inc. has a 12-month low of $8.59 and a 12-month high of $10.79.

BlackRock MuniYield Quality Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a $0.049 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.59%.

About BlackRock MuniYield Quality Fund II

BlackRock MuniYield 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. It primarily invests in municipal debt bonds exempt from federal income taxes. BlackRock MuniYield Quality Fund II, Inc was formed in September 21, 1992 and is domiciled in United States.