BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Shares Cross Above 200 Day Moving Average – Here’s What Happened

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.98 and traded as high as $10.15. BlackRock MuniHoldings Quality Fund II shares last traded at $10.07, with a volume of 44,662 shares trading hands.

BlackRock MuniHoldings Quality Fund II Stock Down 0.7%

The stock has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $9.98.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 6th were issued a $0.051 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Institutional Investors Weigh In On BlackRock MuniHoldings Quality Fund II

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in 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 valued at $2,656,000 after purchasing an additional 111,564 shares during the period. Allworth Financial LP bought a new stake in shares of BlackRock MuniHoldings Quality Fund II in the 2nd quarter valued at about $67,000. Atala Financial Inc grew its position in shares of 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 valued at $1,293,000 after buying an additional 75,065 shares during the last quarter. PFG Advisors acquired a new stake in shares of BlackRock MuniHoldings Quality Fund II in the second quarter valued at about $165,000. Finally, Osaic Holdings Inc. raised its position in shares of BlackRock MuniHoldings Quality Fund II by 113.4% during the second quarter. Osaic Holdings Inc. now owns 9,941 shares of the investment management company’s stock worth $95,000 after acquiring an additional 5,283 shares during the last quarter.

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.