BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Stock Price Passes Below 200-Day Moving Average – What’s Next?

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.41 and traded as low as $10.13. BlackRock MuniHoldings Quality Fund II shares last traded at $10.20, with a volume of 62,855 shares.

BlackRock MuniHoldings Quality Fund II Stock Performance

The firm’s 50 day moving average price is $10.25 and its two-hundred day moving average price is $10.41.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.051 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.61 annualized dividend and a dividend yield of 6.00%.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC grew its stake in shares of BlackRock MuniHoldings Quality Fund II by 1.4% in the third quarter. Rivernorth Capital Management LLC now owns 2,245,080 shares of the investment management company’s stock valued at $24,000,000 after buying an additional 30,224 shares in the last quarter. Guggenheim Capital LLC grew its stake in shares of BlackRock MuniHoldings Quality Fund II by 18.1% in the fourth quarter. Guggenheim Capital LLC now owns 507,340 shares of the investment management company’s stock valued at $5,073,000 after buying an additional 77,765 shares in the last quarter. Pathstone Holdings LLC grew its stake 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 valued at $5,073,000 after buying an additional 83,012 shares in the last quarter. Advisors Asset Management Inc. grew 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 valued at $1,814,000 after buying an additional 67,052 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of BlackRock MuniHoldings Quality Fund II by 86.7% in the fourth quarter. Invesco Ltd. now owns 126,793 shares of the investment management company’s stock valued at $1,268,000 after buying an additional 58,864 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.