Elequin Capital LP Makes New Investment in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Elequin Capital LP bought a new position in shares of BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) during the fourth quarter, Holdings Channel.com reports. The fund bought 3,937 shares of the investment management company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund II during the 4th quarter worth $120,000. Noble Wealth Management PBC purchased a new stake in shares of BlackRock MuniYield Quality Fund II in the fourth quarter valued at about $171,000. Virtu Financial LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund II during the fourth quarter worth about $182,000. Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniYield Quality Fund II during the fourth quarter worth about $203,000. Finally, HighTower Advisors LLC increased its position in BlackRock MuniYield Quality Fund II by 22.7% in the 4th quarter. HighTower Advisors LLC now owns 22,718 shares of the investment management company’s stock valued at $224,000 after acquiring an additional 4,196 shares during the period. 30.75% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund II Stock Down 1.5%

MQT opened at $9.58 on Thursday. BlackRock MuniYield Quality Fund II, Inc. has a 52 week low of $9.05 and a 52 week high of $11.00. The business has a 50 day moving average price of $9.74 and a two-hundred day moving average price of $10.07.

BlackRock MuniYield Quality Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend is Thursday, May 15th.

BlackRock MuniYield Quality Fund II 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.