BlackRock MuniYield Quality Fund II (NYSE:MQT) Shares Cross Above 50 Day Moving Average – What’s Next?

Shares of BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.74 and traded as high as $10.17. BlackRock MuniYield Quality Fund II shares last traded at $10.08, with a volume of 61,109 shares trading hands.

BlackRock MuniYield Quality Fund II Trading Down 0.2%

The stock’s fifty day simple moving average is $9.74 and its 200-day simple moving average is $9.67.

BlackRock MuniYield Quality Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.051 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Wednesday, October 15th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund II

A number of hedge funds have recently bought and sold shares of the company. Mackay Shields LLC boosted its holdings in BlackRock MuniYield Quality Fund II by 3.5% during the first quarter. Mackay Shields LLC now owns 1,026,805 shares of the investment management company’s stock valued at $10,268,000 after acquiring an additional 34,720 shares during the period. Raymond James Financial Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund II by 16.3% in the second quarter. Raymond James Financial Inc. now owns 612,604 shares of the investment management company’s stock valued at $5,906,000 after buying an additional 85,832 shares during the period. Sit Investment Associates Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund II by 49.3% in the first quarter. Sit Investment Associates Inc. now owns 423,520 shares of the investment management company’s stock valued at $4,235,000 after buying an additional 139,927 shares during the period. Karpus Management Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund II by 307.9% in the second quarter. Karpus Management Inc. now owns 348,061 shares of the investment management company’s stock valued at $3,355,000 after buying an additional 262,728 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of BlackRock MuniYield Quality Fund II by 7.5% in the second quarter. Bank of America Corp DE now owns 236,291 shares of the investment management company’s stock valued at $2,278,000 after buying an additional 16,580 shares during the period. 30.75% of the stock is currently owned by institutional investors.

About BlackRock MuniYield Quality Fund II

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.