Sit Investment Associates Inc. Raises Stock Position in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Sit Investment Associates Inc. lifted its position in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 283,593 shares of the investment management company’s stock after purchasing an additional 10,000 shares during the period. Sit Investment Associates Inc. owned 1.26% of BlackRock MuniYield Quality Fund II worth $2,796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MQT. Noble Wealth Management PBC purchased a new stake in shares of BlackRock MuniYield Quality Fund II in the 4th quarter worth $171,000. Virtu Financial LLC bought a new stake in shares of BlackRock MuniYield Quality Fund II in the fourth quarter valued at about $182,000. HighTower Advisors LLC lifted its stake in BlackRock MuniYield Quality Fund II by 20.3% in the third quarter. HighTower Advisors LLC now owns 18,522 shares of the investment management company’s stock worth $194,000 after acquiring an additional 3,131 shares during the period. Ackerman Capital Advisors LLC bought a new position in BlackRock MuniYield Quality Fund II during the 4th quarter worth about $263,000. Finally, Freestone Capital Holdings LLC increased its position in BlackRock MuniYield Quality Fund II by 43.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 28,600 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 8,600 shares during the period. Institutional investors own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Stock Down 1.4 %

Shares of MQT opened at $9.93 on Monday. The company has a 50 day moving average price of $10.19 and a 200-day moving average price of $10.31. BlackRock MuniYield Quality Fund II, Inc. has a fifty-two week low of $9.74 and a fifty-two week high of $11.00.

BlackRock MuniYield Quality Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.61 annualized dividend and a yield of 6.16%.

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.