BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.44 and traded as low as $10.04. BlackRock MuniHoldings Quality Fund II shares last traded at $10.12, with a volume of 40,749 shares changing hands.

BlackRock MuniHoldings Quality Fund II Trading Up 1.2 %

The company’s 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $10.44.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.051 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MUE. Rivernorth Capital Management LLC grew its position in shares of BlackRock MuniHoldings Quality Fund II by 1.4% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,245,080 shares of the investment management company’s stock worth $24,000,000 after buying an additional 30,224 shares during the last quarter. Whitebox Advisors LLC boosted its holdings in BlackRock MuniHoldings Quality Fund II by 6.0% in the third quarter. Whitebox Advisors LLC now owns 101,047 shares of the investment management company’s stock valued at $1,080,000 after acquiring an additional 5,757 shares in the last quarter. HighTower Advisors LLC increased its position in BlackRock MuniHoldings Quality Fund II by 18.4% during the 3rd quarter. HighTower Advisors LLC now owns 16,991 shares of the investment management company’s stock valued at $176,000 after purchasing an additional 2,644 shares during the period. Rockefeller Capital Management L.P. raised its holdings in BlackRock MuniHoldings Quality Fund II by 43.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 33,982 shares of the investment management company’s stock worth $363,000 after purchasing an additional 10,303 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its position in shares of BlackRock MuniHoldings Quality Fund II by 1.8% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 61,530 shares of the investment management company’s stock worth $658,000 after purchasing an additional 1,100 shares during the period.

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.