BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Stock Passes Above 200-Day Moving Average of $10.14

Shares of BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.14 and traded as high as $10.85. BlackRock MuniHoldings Quality Fund II shares last traded at $10.79, with a volume of 51,726 shares.

BlackRock MuniHoldings Quality Fund II Stock Performance

The company has a 50 day simple moving average of $10.43 and a 200-day simple moving average of $10.14.

BlackRock MuniHoldings Quality Fund II Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.61 annualized dividend and a yield of 5.67%. This is a positive change from BlackRock MuniHoldings Quality Fund II’s previous monthly dividend of $0.05.

Institutional Investors Weigh In On BlackRock MuniHoldings Quality Fund II

Several hedge funds have recently added to or reduced their stakes in MUE. Whitebox Advisors LLC purchased a new position in shares of BlackRock MuniHoldings Quality Fund II in the second quarter worth about $972,000. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniHoldings Quality Fund II in the second quarter worth about $115,000. Rothschild Investment LLC purchased a new position in shares of BlackRock MuniHoldings Quality Fund II in the second quarter worth about $460,000. Bank of New York Mellon Corp increased its holdings in shares of BlackRock MuniHoldings Quality Fund II by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 104,640 shares of the investment management company’s stock worth $1,067,000 after buying an additional 2,142 shares during the period. Finally, Ackerman Capital Advisors LLC purchased a new position in shares of BlackRock MuniHoldings Quality Fund II in the second quarter worth about $343,000.

About BlackRock MuniHoldings Quality Fund II

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.