BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.44 and traded as low as $10.01. BlackRock MuniHoldings Quality Fund II shares last traded at $10.08, with a volume of 59,192 shares changing hands.

BlackRock MuniHoldings Quality Fund II Price Performance

The firm has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.44.

BlackRock MuniHoldings Quality Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock MuniHoldings Quality Fund II

Hedge funds have recently modified their holdings of the business. Rivernorth Capital Management LLC increased its holdings in 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 acquiring an additional 30,224 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of BlackRock MuniHoldings Quality Fund II by 21.2% in the third quarter. Pathstone Holdings LLC now owns 474,531 shares of the investment management company’s stock worth $5,073,000 after purchasing an additional 83,012 shares during the period. Advisors Asset Management Inc. increased its stake in shares of BlackRock MuniHoldings Quality Fund II by 65.3% in the third quarter. Advisors Asset Management Inc. now owns 169,729 shares of the investment management company’s stock worth $1,814,000 after purchasing an additional 67,052 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of BlackRock MuniHoldings Quality Fund II by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 104,640 shares of the investment management company’s stock valued at $1,067,000 after purchasing an additional 2,142 shares during the period. Finally, Whitebox Advisors LLC lifted its stake in shares of BlackRock MuniHoldings Quality Fund II by 6.0% during the 3rd quarter. Whitebox Advisors LLC now owns 101,047 shares of the investment management company’s stock valued at $1,080,000 after buying an additional 5,757 shares in the last quarter.

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.