BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.01 and traded as high as $10.01. BlackRock MuniHoldings Quality Fund II shares last traded at $9.9840, with a volume of 74,266 shares trading hands.

BlackRock MuniHoldings Quality Fund II Trading Up 0.0%

The firm has a fifty day simple moving average of $10.01 and a 200 day simple moving average of $9.80.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 6th will be issued a $0.051 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, February 6th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MUE. Pathstone Holdings LLC boosted its stake in shares of BlackRock MuniHoldings Quality Fund II by 8.6% during the third quarter. Pathstone Holdings LLC now owns 894,639 shares of the investment management company’s stock valued at $9,000,000 after purchasing an additional 70,788 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in BlackRock MuniHoldings Quality Fund II by 38.6% during the third quarter. Advisors Asset Management Inc. now owns 384,339 shares of the investment management company’s stock worth $3,866,000 after buying an additional 107,126 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniHoldings Quality Fund II by 9.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 355,611 shares of the investment management company’s stock valued at $3,577,000 after acquiring an additional 29,368 shares in the last quarter. Invesco Ltd. boosted its position in BlackRock MuniHoldings Quality Fund II by 32.4% during the 2nd quarter. Invesco Ltd. now owns 224,540 shares of the investment management company’s stock valued at $2,151,000 after acquiring an additional 54,896 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of BlackRock MuniHoldings Quality Fund II by 15.0% in the 3rd quarter. Van ECK Associates Corp now owns 159,062 shares of the investment management company’s stock valued at $1,600,000 after acquiring an additional 20,719 shares during the period.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings Quality Fund II (NYSE:MUE) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income taxes. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and insured or prerefunded issues. By focusing on quality issuers, the fund aims to balance income generation with a degree of credit preservation within the tax-free municipal bond market.

The fund’s portfolio typically comprises securities issued by state and local governments across the United States, enabling exposure to a broad range of tax-exempt muni credits.