BlackRock MuniYield Quality Fund II (NYSE:MQT) Shares Pass Above Fifty Day Moving Average – What’s Next?

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.10 and traded as high as $10.39. BlackRock MuniYield Quality Fund II shares last traded at $10.32, with a volume of 58,711 shares.

BlackRock MuniYield Quality Fund II Stock Performance

The firm’s 50 day moving average price is $10.10 and its two-hundred day moving average price is $10.42.

BlackRock MuniYield Quality Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.051 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.61 annualized dividend and a yield of 5.93%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in BlackRock MuniYield Quality Fund II during the fourth quarter worth about $4,934,000. StoneX Group Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund II during the 4th quarter worth approximately $1,279,000. Guggenheim Capital LLC boosted its holdings in shares of BlackRock MuniYield Quality Fund II by 32.5% in the 4th quarter. Guggenheim Capital LLC now owns 499,159 shares of the investment management company’s stock valued at $4,922,000 after buying an additional 122,442 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of BlackRock MuniYield Quality Fund II in the third quarter valued at $5,750,000. Finally, Whipplewood Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund II during the fourth quarter worth $332,000. 30.75% of the stock is currently 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.