BlackRock MuniYield Quality Fund II (NYSE:MQT) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.24 and traded as low as $9.42. BlackRock MuniYield Quality Fund II shares last traded at $9.49, with a volume of 100,656 shares traded.

BlackRock MuniYield Quality Fund II Stock Up 1.1 %

The firm’s fifty day moving average is $10.06 and its 200-day moving average is $10.24.

BlackRock MuniYield Quality Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.45%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund II

A number of hedge funds have recently bought and sold shares of MQT. Elequin Capital LP acquired a new stake in BlackRock MuniYield Quality Fund II during the fourth quarter valued at approximately $39,000. Citadel Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund II during the 4th quarter valued at approximately $120,000. Capital Investment Advisors LLC lifted its stake in BlackRock MuniYield Quality Fund II by 8.2% during the first quarter. Capital Investment Advisors LLC now owns 15,770 shares of the investment management company’s stock worth $158,000 after purchasing an additional 1,200 shares during the last quarter. Noble Wealth Management PBC acquired a new position in BlackRock MuniYield Quality Fund II in the fourth quarter worth $171,000. Finally, Virtu Financial LLC bought a new stake in BlackRock MuniYield Quality Fund II during the fourth quarter valued at $182,000. 30.75% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund II Company 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.