BlackRock MuniYield Quality Fund II (NYSE:MQT) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.05 and traded as high as $10.05. BlackRock MuniYield Quality Fund II shares last traded at $10.04, with a volume of 44,185 shares.

BlackRock MuniYield Quality Fund II Trading Down 0.3%

The stock’s 50-day simple moving average is $10.05 and its two-hundred day simple moving average is $9.78.

BlackRock MuniYield Quality Fund II Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were given a dividend of $0.051 per share. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Friday, November 14th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund II

Several institutional investors have recently bought and sold shares of the company. Karpus Management Inc. raised its holdings in shares of BlackRock MuniYield Quality Fund II by 307.9% during the second quarter. Karpus Management Inc. now owns 348,061 shares of the investment management company’s stock valued at $3,355,000 after acquiring an additional 262,728 shares during the last quarter. Sit Investment Associates Inc. increased its position in shares of BlackRock MuniYield Quality Fund II by 49.3% during the first quarter. Sit Investment Associates Inc. now owns 423,520 shares of the investment management company’s stock worth $4,235,000 after purchasing an additional 139,927 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of BlackRock MuniYield Quality Fund II by 16.3% during the second quarter. Raymond James Financial Inc. now owns 612,604 shares of the investment management company’s stock worth $5,906,000 after purchasing an additional 85,832 shares in the last quarter. Wolverine Asset Management LLC raised its stake in BlackRock MuniYield Quality Fund II by 118.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 105,924 shares of the investment management company’s stock valued at $1,021,000 after purchasing an additional 57,497 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. purchased a new position in BlackRock MuniYield Quality Fund II in the 1st quarter valued at $420,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

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.