BlackRock MuniYield Quality Fund II (NYSE:MQT) Stock Crosses Above 50-Day Moving Average – What’s Next?

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 $10.16 and traded as high as $10.26. BlackRock MuniYield Quality Fund II shares last traded at $10.23, with a volume of 56,926 shares changing hands.

BlackRock MuniYield Quality Fund II Price Performance

The firm’s fifty day moving average price is $10.16 and its 200 day moving average price is $10.43.

BlackRock MuniYield Quality Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund II

A number of large investors have recently modified their holdings of the business. Horizon Kinetics Asset Management LLC increased its position in shares of BlackRock MuniYield Quality Fund II by 3.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 39,579 shares of the investment management company’s stock valued at $428,000 after acquiring an additional 1,300 shares during the period. Concurrent Investment Advisors LLC grew its stake in BlackRock MuniYield Quality Fund II by 6.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 43,012 shares of the investment management company’s stock valued at $424,000 after purchasing an additional 2,610 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of BlackRock MuniYield Quality Fund II by 20.3% in the third quarter. HighTower Advisors LLC now owns 18,522 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 3,131 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund II by 24.2% during the third quarter. Wolverine Asset Management LLC now owns 19,188 shares of the investment management company’s stock worth $208,000 after purchasing an additional 3,734 shares during the period. Finally, Freestone Capital Holdings LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund II by 43.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 28,600 shares of the investment management company’s stock worth $282,000 after purchasing an additional 8,600 shares during the period. 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.