BlackRock MuniYield Quality Fund II (NYSE:MQT) Stock Crosses Above 50 Day Moving Average – Should You Sell?

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.22 and traded as high as $10.31. BlackRock MuniYield Quality Fund II shares last traded at $10.2950, with a volume of 15,310 shares traded.

BlackRock MuniYield Quality Fund II Stock Performance

The business has a 50-day moving average price of $10.22 and a two-hundred day moving average price of $10.09.

BlackRock MuniYield Quality Fund II Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 6th were issued a dividend of $0.051 per share. The ex-dividend date was Friday, February 6th. This represents a c) annualized dividend and a yield of 5.9%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

Several hedge funds and other institutional investors have recently made changes to their positions in MQT. Sit Investment Associates Inc. increased its stake in shares of BlackRock MuniYield Quality Fund II by 33.3% during the fourth quarter. Sit Investment Associates Inc. now owns 1,241,695 shares of the investment management company’s stock worth $12,479,000 after buying an additional 310,525 shares during the period. Wolverine Asset Management LLC raised its holdings in BlackRock MuniYield Quality Fund II by 23.7% in the fourth quarter. Wolverine Asset Management LLC now owns 106,835 shares of the investment management company’s stock valued at $1,074,000 after acquiring an additional 20,469 shares in the last quarter. Verdence Capital Advisors LLC purchased a new position in BlackRock MuniYield Quality Fund II in the fourth quarter worth approximately $126,000. River Street Advisors LLC purchased a new position in BlackRock MuniYield Quality Fund II in the fourth quarter worth approximately $121,000. Finally, Stratos Wealth Partners LTD. grew its holdings in BlackRock MuniYield Quality Fund II by 25.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 32,571 shares of the investment management company’s stock worth $327,000 after acquiring an additional 6,544 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 (NYSE: MQT) is a closed-end management investment company that seeks to provide shareholders with high current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal obligations, including bonds, notes and other debt instruments issued by state and local governments across the United States. Its investment approach emphasizes high-credit-quality, tax-exempt securities aimed at preserving capital while delivering tax-advantaged income.

Managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc, MQT leverages the firm’s experienced municipal bond team to conduct credit research, portfolio construction and risk management.