BlackRock MuniYield Quality Fund II (NYSE:MQT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

BlackRock MuniYield Quality Fund II Stock Up 1.5 %

The firm’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $10.47.

BlackRock MuniYield Quality Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.051 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.61 dividend on an annualized basis and a yield of 6.11%.

Institutional Trading of BlackRock MuniYield Quality Fund II

Several institutional investors have recently added to or reduced their stakes in MQT. Logan Stone Capital LLC boosted its position in shares of BlackRock MuniYield Quality Fund II by 247.0% during the second quarter. Logan Stone Capital LLC now owns 114,817 shares of the investment management company’s stock valued at $1,181,000 after buying an additional 81,733 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund II during the 3rd quarter valued at about $5,750,000. Hennion & Walsh Asset Management Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund II in the third quarter worth approximately $199,000. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniYield Quality Fund II during the second quarter valued at approximately $159,000. Finally, Rivernorth Capital Management LLC lifted its position in BlackRock MuniYield Quality Fund II by 0.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,251,418 shares of the investment management company’s stock valued at $13,540,000 after purchasing an additional 11,450 shares during the period. 30.75% of the stock is currently owned by hedge funds and other 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.