BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Announces $0.05 Monthly Dividend

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) announced a monthly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.045 per share by the investment management company on Friday, March 1st. This represents a $0.54 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Wednesday, February 14th.

BlackRock MuniHoldings Quality Fund II Stock Performance

NYSE MUE traded up $0.05 during mid-day trading on Friday, hitting $9.70. The stock had a trading volume of 113,437 shares, compared to its average volume of 62,820. BlackRock MuniHoldings Quality Fund II has a 52-week low of $8.53 and a 52-week high of $10.58. The company has a 50 day simple moving average of $9.01 and a 200 day simple moving average of $9.44.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

Several hedge funds have recently bought and sold shares of MUE. JPMorgan Chase & Co. increased its stake in BlackRock MuniHoldings Quality Fund II by 894.1% in the 4th quarter. JPMorgan Chase & Co. now owns 5,875 shares of the investment management company’s stock valued at $58,000 after purchasing an additional 5,284 shares in the last quarter. Jane Street Group LLC purchased a new position in BlackRock MuniHoldings Quality Fund II during the fourth quarter worth $112,000. Rivernorth Capital Management LLC purchased a new position in BlackRock MuniHoldings Quality Fund II during the first quarter worth $135,000. Robinson Capital Management LLC purchased a new position in BlackRock MuniHoldings Quality Fund II during the first quarter worth $137,000. Finally, HighTower Advisors LLC increased its position in BlackRock MuniHoldings Quality Fund II by 16.5% during the third quarter. HighTower Advisors LLC now owns 21,137 shares of the investment management company’s stock worth $170,000 after buying an additional 2,987 shares in the last quarter.

BlackRock MuniHoldings Quality Fund II Company Profile

BlackRock MuniHoldings 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.