Raymond James Financial Inc. Makes New $4.93 Million Investment in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Raymond James Financial Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 500,437 shares of the investment management company’s stock, valued at approximately $4,934,000. Raymond James Financial Inc. owned about 2.22% of BlackRock MuniYield Quality Fund II as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Noble Wealth Management PBC purchased a new position in BlackRock MuniYield Quality Fund II during the 4th quarter worth approximately $171,000. HighTower Advisors LLC boosted its position in shares of BlackRock MuniYield Quality Fund II by 20.3% in the third quarter. HighTower Advisors LLC now owns 18,522 shares of the investment management company’s stock worth $194,000 after buying an additional 3,131 shares during the period. Ackerman Capital Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund II during the fourth quarter valued at $263,000. Hennion & Walsh Asset Management Inc. raised its position in BlackRock MuniYield Quality Fund II by 80.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 33,213 shares of the investment management company’s stock valued at $327,000 after buying an additional 14,813 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund II in the 4th quarter worth about $332,000. Institutional investors and hedge funds own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Trading Down 1.1 %

BlackRock MuniYield Quality Fund II stock opened at $10.17 on Wednesday. The firm’s 50 day moving average price is $10.19 and its two-hundred day moving average price is $10.36. BlackRock MuniYield Quality Fund II, Inc. has a twelve month low of $9.74 and a twelve month high of $11.00.

BlackRock MuniYield Quality Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.051 per share. The ex-dividend date is Friday, March 14th. This represents a $0.61 annualized dividend and a dividend yield of 6.02%.

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.