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

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.16 and traded as high as $10.26. BlackRock MuniYield Quality Fund II shares last traded at $10.23, with a volume of 56,926 shares changing hands.

BlackRock MuniYield Quality Fund II Price Performance

The stock’s 50-day moving average is $10.16 and its two-hundred day moving average is $10.43.

BlackRock MuniYield Quality Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Friday, February 14th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

Several hedge funds have recently bought and sold shares of MQT. International Assets Investment Management LLC purchased a new stake in BlackRock MuniYield Quality Fund II in the 3rd quarter valued at about $5,750,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund II in the third quarter valued at approximately $199,000. HF Advisory Group LLC bought a new position in BlackRock MuniYield Quality Fund II in the third quarter worth approximately $109,000. Concurrent Investment Advisors LLC increased its holdings in BlackRock MuniYield Quality Fund II by 15.5% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 40,402 shares of the investment management company’s stock worth $437,000 after purchasing an additional 5,419 shares during the period. Finally, Wolverine Asset Management LLC raised its position in BlackRock MuniYield Quality Fund II by 24.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 19,188 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 3,734 shares in the last quarter. Institutional investors own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Company Profile

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.