BlackRock MuniYield Quality Fund II (NYSE:MQT) Shares Pass Above 50 Day Moving Average – Here’s Why

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.04 and traded as high as $10.05. BlackRock MuniYield Quality Fund II shares last traded at $9.99, with a volume of 80,178 shares changing hands.

BlackRock MuniYield Quality Fund II Trading Up 0.1%

The company has a fifty day simple moving average of $10.04 and a 200-day simple moving average of $9.80.

BlackRock MuniYield Quality Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be paid a dividend of $0.051 per share. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

Several large investors have recently added to or reduced their stakes in MQT. Whipplewood Advisors LLC raised its holdings in shares of BlackRock MuniYield Quality Fund II by 3.4% during the 3rd quarter. Whipplewood Advisors LLC now owns 35,014 shares of the investment management company’s stock worth $351,000 after acquiring an additional 1,147 shares in the last quarter. Ameriprise Financial Inc. raised its stake in BlackRock MuniYield Quality Fund II by 4.9% during the third quarter. Ameriprise Financial Inc. now owns 33,825 shares of the investment management company’s stock valued at $339,000 after purchasing an additional 1,575 shares in the last quarter. NewEdge Advisors LLC lifted its position in BlackRock MuniYield Quality Fund II by 8.6% during the first quarter. NewEdge Advisors LLC now owns 25,236 shares of the investment management company’s stock valued at $252,000 after purchasing an additional 2,000 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in BlackRock MuniYield Quality Fund II by 11.0% during the second quarter. Horizon Kinetics Asset Management LLC now owns 43,950 shares of the investment management company’s stock valued at $424,000 after purchasing an additional 4,371 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of BlackRock MuniYield Quality Fund II by 62.4% in the 2nd quarter. Osaic Holdings Inc. now owns 12,727 shares of the investment management company’s stock worth $123,000 after buying an additional 4,891 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

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.