BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.01 and traded as high as $10.09. BlackRock MuniHoldings Quality Fund II shares last traded at $10.0350, with a volume of 60,977 shares changing hands.

BlackRock MuniHoldings Quality Fund II Stock Down 0.1%

The business has a fifty day moving average of $10.01 and a 200 day moving average of $9.86.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be issued a dividend of $0.051 per share. The ex-dividend date is Friday, February 6th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

Hedge funds have recently bought and sold shares of the business. Hilltop National Bank bought a new position in BlackRock MuniHoldings Quality Fund II during the second quarter valued at about $32,000. Advisory Services Network LLC acquired a new position in shares of BlackRock MuniHoldings Quality Fund II during the 3rd quarter valued at about $36,000. Allworth Financial LP bought a new position in shares of BlackRock MuniHoldings Quality Fund II in the 2nd quarter valued at approximately $67,000. Wolverine Asset Management LLC lifted its holdings in BlackRock MuniHoldings Quality Fund II by 87.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 8,268 shares of the investment management company’s stock worth $79,000 after purchasing an additional 3,851 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in BlackRock MuniHoldings Quality Fund II by 113.4% in the 2nd quarter. Osaic Holdings Inc. now owns 9,941 shares of the investment management company’s stock worth $95,000 after purchasing an additional 5,283 shares during the last quarter.

BlackRock MuniHoldings Quality Fund II Company Profile

BlackRock MuniHoldings Quality Fund II (NYSE:MUE) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income taxes. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and insured or prerefunded issues. By focusing on quality issuers, the fund aims to balance income generation with a degree of credit preservation within the tax-free municipal bond market.

The fund’s portfolio typically comprises securities issued by state and local governments across the United States, enabling exposure to a broad range of tax-exempt muni credits.