BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.23 and traded as low as $9.52. BlackRock MuniHoldings Quality Fund II shares last traded at $9.58, with a volume of 84,236 shares traded.

BlackRock MuniHoldings Quality Fund II Price Performance

The company has a 50-day simple moving average of $9.95 and a two-hundred day simple moving average of $10.23.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend is Tuesday, April 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elequin Capital LP bought a new stake in BlackRock MuniHoldings Quality Fund II in the 4th quarter valued at about $47,000. Farther Finance Advisors LLC boosted its stake in BlackRock MuniHoldings Quality Fund II by 317.9% in the fourth quarter. Farther Finance Advisors LLC now owns 5,215 shares of the investment management company’s stock worth $52,000 after buying an additional 3,967 shares in the last quarter. Avior Wealth Management LLC boosted its stake in BlackRock MuniHoldings Quality Fund II by 16.9% in the fourth quarter. Avior Wealth Management LLC now owns 9,056 shares of the investment management company’s stock worth $91,000 after buying an additional 1,306 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of BlackRock MuniHoldings Quality Fund II by 25.6% during the fourth quarter. Nuveen Asset Management LLC now owns 14,918 shares of the investment management company’s stock valued at $149,000 after purchasing an additional 3,045 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniHoldings Quality Fund II by 4.8% during the fourth quarter. NewEdge Advisors LLC now owns 21,966 shares of the investment management company’s stock valued at $220,000 after purchasing an additional 1,000 shares during the period.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.