BlackRock MuniYield Quality Fund II (NYSE:MQT) Stock Price Passes Below 200 Day Moving Average – What’s Next?

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.49 and traded as low as $9.82. BlackRock MuniYield Quality Fund II shares last traded at $9.88, with a volume of 134,785 shares traded.

BlackRock MuniYield Quality Fund II Trading Up 0.4 %

The company has a fifty day simple moving average of $10.42 and a 200 day simple moving average of $10.49.

BlackRock MuniYield Quality Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Monday, December 16th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

Several institutional investors have recently added to or reduced their stakes in the business. Horizon Kinetics Asset Management LLC raised its holdings in shares of BlackRock MuniYield Quality Fund II by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 39,579 shares of the investment management company’s stock valued at $428,000 after purchasing an additional 1,300 shares during the period. HighTower Advisors LLC increased its stake in BlackRock MuniYield Quality Fund II by 20.3% during the 3rd quarter. HighTower Advisors LLC now owns 18,522 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 3,131 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in BlackRock MuniYield Quality Fund II by 24.2% during the third quarter. Wolverine Asset Management LLC now owns 19,188 shares of the investment management company’s stock worth $208,000 after buying an additional 3,734 shares during the last quarter. Raymond James & Associates lifted its stake in shares of BlackRock MuniYield Quality Fund II by 1.7% in the second quarter. Raymond James & Associates now owns 243,612 shares of the investment management company’s stock valued at $2,507,000 after buying an additional 4,095 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of BlackRock MuniYield Quality Fund II by 15.5% during the third quarter. Concurrent Investment Advisors LLC now owns 40,402 shares of the investment management company’s stock valued at $437,000 after buying an additional 5,419 shares during the last quarter. 30.75% of the stock is owned by institutional investors and hedge funds.

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.