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

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.89 and traded as high as $10.15. BlackRock MuniYield Quality Fund II shares last traded at $10.09, with a volume of 60,365 shares changing hands.

BlackRock MuniYield Quality Fund II Stock Performance

The firm has a 50 day simple moving average of $9.89 and a two-hundred day simple moving average of $9.67.

BlackRock MuniYield Quality Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a $0.051 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Trading of BlackRock MuniYield Quality Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of BlackRock MuniYield Quality Fund II by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 25,236 shares of the investment management company’s stock worth $252,000 after buying an additional 2,000 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in shares of BlackRock MuniYield Quality Fund II by 11.0% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 43,950 shares of the investment management company’s stock worth $424,000 after buying an additional 4,371 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of BlackRock MuniYield Quality Fund II by 62.4% in the 2nd quarter. Osaic Holdings Inc. now owns 12,727 shares of the investment management company’s stock worth $123,000 after buying an additional 4,891 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of BlackRock MuniYield Quality Fund II in the 2nd quarter worth $59,000. Finally, Nomura Holdings Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund II in the 2nd quarter worth $96,000. 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.