Raymond James Financial Inc. Buys New Stake in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Raymond James Financial Inc. purchased a new position in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 500,437 shares of the investment management company’s stock, valued at approximately $4,934,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC acquired a new position in BlackRock MuniYield Quality Fund II in the fourth quarter worth $171,000. Whipplewood Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund II in the fourth quarter valued at about $332,000. Ackerman Capital Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund II during the 4th quarter worth about $263,000. Concurrent Investment Advisors LLC lifted its position in BlackRock MuniYield Quality Fund II by 6.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 43,012 shares of the investment management company’s stock worth $424,000 after buying an additional 2,610 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in BlackRock MuniYield Quality Fund II by 15.0% during the 4th quarter. Van ECK Associates Corp now owns 184,843 shares of the investment management company’s stock worth $1,823,000 after acquiring an additional 24,136 shares during the last quarter. Institutional investors own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Stock Performance

MQT stock opened at $10.17 on Wednesday. The company has a 50 day moving average price of $10.19 and a 200 day moving average price of $10.36. BlackRock MuniYield Quality Fund II, Inc. has a fifty-two week low of $9.74 and a fifty-two week high of $11.00.

BlackRock MuniYield Quality Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Friday, March 14th.

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.