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

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) crossed 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 $10.09. BlackRock MuniHoldings Quality Fund II shares last traded at $10.0350, with a volume of 60,977 shares.

BlackRock MuniHoldings Quality Fund II Stock Performance

The firm’s 50 day simple moving average is $10.01 and its 200-day simple moving average is $9.86.

BlackRock MuniHoldings Quality Fund II Announces Dividend

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

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

Several institutional investors and hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in shares of BlackRock MuniHoldings Quality Fund II by 67.3% in the second quarter. Advisors Asset Management Inc. now owns 277,213 shares of the investment management company’s stock worth $2,656,000 after purchasing an additional 111,564 shares in the last quarter. Atala Financial Inc lifted its position in BlackRock MuniHoldings Quality Fund II by 140.3% in the 3rd quarter. Atala Financial Inc now owns 128,568 shares of the investment management company’s stock worth $1,293,000 after buying an additional 75,065 shares in the last quarter. Pathstone Holdings LLC lifted its position in BlackRock MuniHoldings Quality Fund II by 8.6% in the 3rd quarter. Pathstone Holdings LLC now owns 894,639 shares of the investment management company’s stock worth $9,000,000 after buying an additional 70,788 shares in the last quarter. Invesco Ltd. boosted its stake in shares of 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 buying an additional 54,896 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of 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 buying an additional 29,368 shares during the period.

BlackRock MuniHoldings Quality Fund II Company Profile

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.