Bank of New York Mellon Corp Sells 50,098 Shares of BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)

Bank of New York Mellon Corp trimmed its holdings in shares of BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) by 47.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,535 shares of the investment management company’s stock after selling 50,098 shares during the quarter. Bank of New York Mellon Corp’s holdings in BlackRock MuniHoldings Quality Fund II were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MUE. Avior Wealth Management LLC increased its holdings in BlackRock MuniHoldings Quality Fund II by 16.9% during the fourth quarter. Avior Wealth Management LLC now owns 9,056 shares of the investment management company’s stock valued at $91,000 after buying an additional 1,306 shares during the period. HighTower Advisors LLC boosted its holdings in BlackRock MuniHoldings Quality Fund II by 18.4% in the third 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 last quarter. Hennion & Walsh Asset Management Inc. raised its position in BlackRock MuniHoldings Quality Fund II by 80.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 27,820 shares of the investment management company’s stock valued at $278,000 after acquiring an additional 12,409 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in BlackRock MuniHoldings Quality Fund II by 43.5% during the third quarter. Rockefeller Capital Management L.P. now owns 33,982 shares of the investment management company’s stock worth $363,000 after buying an additional 10,303 shares in the last quarter. Finally, Riverbridge Partners LLC purchased a new position in shares of BlackRock MuniHoldings Quality Fund II in the 4th quarter valued at about $407,000.

BlackRock MuniHoldings Quality Fund II Price Performance

BlackRock MuniHoldings Quality Fund II stock opened at $9.95 on Friday. The company’s fifty day moving average price is $10.25 and its 200 day moving average price is $10.40. BlackRock MuniHoldings Quality Fund II, Inc. has a 1 year low of $9.65 and a 1 year high of $10.95.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.051 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.61 annualized dividend and a dividend yield of 6.15%.

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.