Raymond James & Associates Lowers Stake in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Raymond James & Associates lessened its position in shares of BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,555 shares of the investment management company’s stock after selling 6,121 shares during the period. Raymond James & Associates’ holdings in BlackRock MuniYield Quality Fund II were worth $2,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank purchased a new stake in BlackRock MuniYield Quality Fund II during the third quarter valued at about $26,000. Ameriprise Financial Inc. grew its position in BlackRock MuniYield Quality Fund II by 54.6% during the third quarter. Ameriprise Financial Inc. now owns 41,699 shares of the investment management company’s stock valued at $375,000 after acquiring an additional 14,735 shares during the period. Advisors Asset Management Inc. grew its position in BlackRock MuniYield Quality Fund II by 17.9% during the third quarter. Advisors Asset Management Inc. now owns 304,020 shares of the investment management company’s stock valued at $2,733,000 after acquiring an additional 46,124 shares during the period. AQR Arbitrage LLC boosted its position in shares of BlackRock MuniYield Quality Fund II by 132.1% in the third quarter. AQR Arbitrage LLC now owns 170,012 shares of the investment management company’s stock worth $1,528,000 after buying an additional 96,761 shares during the period. Finally, Saba Capital Management L.P. purchased a new stake in shares of BlackRock MuniYield Quality Fund II in the third quarter worth about $264,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Price Performance

Shares of NYSE MQT opened at $9.87 on Wednesday. BlackRock MuniYield Quality Fund II, Inc. has a 1-year low of $8.59 and a 1-year high of $10.67. The business has a 50-day moving average of $10.37 and a 200-day moving average of $9.97.

BlackRock MuniYield Quality Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.049 dividend. This represents a $0.59 annualized dividend and a dividend yield of 5.96%. The ex-dividend date is Friday, April 12th.

BlackRock MuniYield Quality Fund II Company Profile

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.