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

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) announced a monthly dividend on Wednesday, June 4th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.051 per share by the investment management company on Tuesday, July 1st. This represents a $0.61 annualized dividend and a yield of 6.45%. The ex-dividend date is Friday, June 13th.

BlackRock MuniHoldings Quality Fund II Stock Performance

NYSE MUE opened at $9.49 on Thursday. The company has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $10.08. BlackRock MuniHoldings Quality Fund II has a 12-month low of $9.26 and a 12-month high of $10.95.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

A hedge fund recently raised its stake in BlackRock MuniHoldings Quality Fund II stock. Royal Bank of Canada lifted its position in BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) by 16.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 62,473 shares of the investment management company’s stock after purchasing an additional 8,949 shares during the period. Royal Bank of Canada’s holdings in BlackRock MuniHoldings Quality Fund II were worth $625,000 as of its most recent SEC filing.

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.