BlackRock MuniYield Quality Fund II (NYSE:MQT) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.47 and traded as low as $9.90. BlackRock MuniYield Quality Fund II shares last traded at $10.01, with a volume of 51,461 shares traded.

BlackRock MuniYield Quality Fund II Price Performance

The business has a 50-day moving average of $10.32 and a 200 day moving average of $10.47.

BlackRock MuniYield Quality Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.61 annualized dividend and a dividend yield of 6.11%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund II

A number of hedge funds have recently bought and sold shares of the business. Horizon Kinetics Asset Management LLC raised its position in BlackRock MuniYield Quality Fund II by 3.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 39,579 shares of the investment management company’s stock valued at $428,000 after purchasing an additional 1,300 shares during the period. HighTower Advisors LLC increased its position in shares of BlackRock MuniYield Quality Fund II by 20.3% during the 3rd quarter. HighTower Advisors LLC now owns 18,522 shares of the investment management company’s stock valued at $194,000 after purchasing an additional 3,131 shares during the last quarter. Wolverine Asset Management LLC raised its holdings 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 buying an additional 3,734 shares during the period. Concurrent Investment Advisors LLC lifted its position in BlackRock MuniYield Quality Fund II by 15.5% in the third quarter. Concurrent Investment Advisors LLC now owns 40,402 shares of the investment management company’s stock worth $437,000 after buying an additional 5,419 shares during the last quarter. Finally, HF Advisory Group LLC purchased a new position in BlackRock MuniYield Quality Fund II during the third quarter worth $109,000. Hedge funds and other 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.