BlackRock MuniYield Quality Fund II (NYSE:MQT) Share Price Crosses Above 50-Day Moving Average of $10.60

Shares of BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.60 and traded as high as $10.91. BlackRock MuniYield Quality Fund II shares last traded at $10.87, with a volume of 20,611 shares changing hands.

BlackRock MuniYield Quality Fund II Price Performance

The stock has a fifty day simple moving average of $10.60 and a 200-day simple moving average of $10.31.

BlackRock MuniYield Quality Fund II Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.051 per share. The ex-dividend date is Tuesday, October 15th. This is an increase from BlackRock MuniYield Quality Fund II’s previous monthly dividend of $0.05. This represents a $0.61 dividend on an annualized basis and a yield of 5.63%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Logan Stone Capital LLC grew its position in shares of BlackRock MuniYield Quality Fund II by 247.0% during the 2nd quarter. Logan Stone Capital LLC now owns 114,817 shares of the investment management company’s stock valued at $1,181,000 after acquiring an additional 81,733 shares during the period. Rothschild Investment LLC purchased a new position in BlackRock MuniYield Quality Fund II during the second quarter worth approximately $517,000. Ackerman Capital Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund II in the second quarter valued at approximately $199,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund II in the second quarter valued at approximately $159,000. Finally, Private Advisor Group LLC acquired a new position in shares of BlackRock MuniYield Quality Fund II during the 4th quarter worth approximately $108,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

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.