BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Share Price Passes Below 200-Day Moving Average – Should You Sell?

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.44 and traded as low as $10.01. BlackRock MuniHoldings Quality Fund II shares last traded at $10.08, with a volume of 59,192 shares traded.

BlackRock MuniHoldings Quality Fund II Stock Performance

The company’s 50 day moving average is $10.43 and its two-hundred day moving average is $10.44.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.051 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.07%.

Institutional Investors Weigh In On BlackRock MuniHoldings Quality Fund II

Several large investors have recently made changes to their positions in MUE. Rivernorth Capital Management LLC boosted its stake in BlackRock MuniHoldings Quality Fund II by 1.4% during the third quarter. Rivernorth Capital Management LLC now owns 2,245,080 shares of the investment management company’s stock valued at $24,000,000 after buying an additional 30,224 shares during the last quarter. Whitebox Advisors LLC boosted its position in shares of BlackRock MuniHoldings Quality Fund II by 6.0% during the 3rd quarter. Whitebox Advisors LLC now owns 101,047 shares of the investment management company’s stock valued at $1,080,000 after acquiring an additional 5,757 shares during the last quarter. HighTower Advisors LLC increased its position in BlackRock MuniHoldings Quality Fund II by 18.4% in the third quarter. HighTower Advisors LLC now owns 16,991 shares of the investment management company’s stock worth $176,000 after purchasing an additional 2,644 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in BlackRock MuniHoldings Quality Fund II by 43.5% during the third quarter. Rockefeller Capital Management L.P. now owns 33,982 shares of the investment management company’s stock valued at $363,000 after purchasing an additional 10,303 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its stake in shares of BlackRock MuniHoldings Quality Fund II by 1.8% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 61,530 shares of the investment management company’s stock worth $658,000 after buying an additional 1,100 shares in the last quarter.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings 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 of the United States. It primarily invests in long-term, investment grade municipal obligations exempt from federal income taxes.