BlackRock MuniYield Quality Fund II (NYSE:MQT) Stock Passes Below 200-Day Moving Average – Here’s Why

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.24 and traded as low as $9.42. BlackRock MuniYield Quality Fund II shares last traded at $9.49, with a volume of 100,656 shares traded.

BlackRock MuniYield Quality Fund II Trading Up 1.1 %

The stock has a fifty day moving average price of $10.06 and a two-hundred day moving average price of $10.24.

BlackRock MuniYield Quality Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Tuesday, April 15th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

Several large investors have recently made changes to their positions in MQT. HighTower Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund II by 20.3% during the third quarter. HighTower Advisors LLC now owns 18,522 shares of the investment management company’s stock worth $194,000 after buying an additional 3,131 shares in the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of BlackRock MuniYield Quality Fund II by 0.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,251,418 shares of the investment management company’s stock worth $13,540,000 after acquiring an additional 11,450 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund II by 80.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 33,213 shares of the investment management company’s stock worth $327,000 after acquiring an additional 14,813 shares during the last quarter. Van ECK Associates Corp raised its position in shares of BlackRock MuniYield Quality Fund II by 15.0% during the fourth quarter. Van ECK Associates Corp now owns 184,843 shares of the investment management company’s stock worth $1,823,000 after purchasing an additional 24,136 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund II by 6.5% during the fourth 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. 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.