BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) passed 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 trading hands.

BlackRock MuniHoldings Quality Fund II Trading Down 1.0 %

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

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings Quality Fund II

A number of institutional investors have recently made changes to their positions in the stock. Avior Wealth Management LLC grew its holdings in BlackRock MuniHoldings Quality Fund II by 32.1% in the third quarter. Avior Wealth Management LLC now owns 7,750 shares of the investment management company’s stock valued at $83,000 after purchasing an additional 1,882 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of BlackRock MuniHoldings Quality Fund II during the 3rd quarter valued at $165,000. HighTower Advisors LLC lifted its stake in shares of BlackRock MuniHoldings Quality Fund II by 18.4% during 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 in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of BlackRock MuniHoldings Quality Fund II by 43.5% in the third quarter. Rockefeller Capital Management L.P. now owns 33,982 shares of the investment management company’s stock worth $363,000 after buying an additional 10,303 shares during the period. Finally, Horizon Kinetics Asset Management LLC grew its position in BlackRock MuniHoldings Quality Fund II by 1.8% in the third quarter. Horizon Kinetics Asset Management LLC now owns 61,530 shares of the investment management company’s stock valued at $658,000 after acquiring an additional 1,100 shares in the last quarter.

BlackRock MuniHoldings Quality Fund II Company Profile

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.