Retirement Planning Co of New England Inc. Takes $420,000 Position in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Retirement Planning Co of New England Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) in the first quarter, Holdings Channel.com reports. The fund acquired 42,000 shares of the investment management company’s stock, valued at approximately $420,000.

A number of other hedge funds also recently modified their holdings of MQT. Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund II during the fourth quarter worth $4,934,000. Citadel Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund II in the fourth quarter valued at about $120,000. HighTower Advisors LLC grew its position in BlackRock MuniYield Quality Fund II by 22.7% during the fourth quarter. HighTower Advisors LLC now owns 22,718 shares of the investment management company’s stock worth $224,000 after buying an additional 4,196 shares in the last quarter. StoneX Group Inc. acquired a new stake in BlackRock MuniYield Quality Fund II during the fourth quarter worth about $1,279,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in BlackRock MuniYield Quality Fund II by 476.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 191,337 shares of the investment management company’s stock worth $1,913,000 after buying an additional 158,124 shares in the last quarter. Hedge funds and other institutional investors own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Stock Down 0.2%

NYSE MQT opened at $9.41 on Friday. The stock’s 50 day moving average is $9.61 and its two-hundred day moving average is $9.85. BlackRock MuniYield Quality Fund II, Inc. has a 1-year low of $9.05 and a 1-year high of $11.00.

BlackRock MuniYield Quality Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Tuesday, July 15th.

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.