Raymond James Financial Inc. acquired a new stake in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 500,437 shares of the investment management company's stock, valued at approximately $4,934,000. Raymond James Financial Inc. owned about 2.22% of BlackRock MuniYield Quality Fund II as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC raised its position in shares of BlackRock MuniYield Quality Fund II by 3.4% in the third quarter. Horizon Kinetics Asset Management LLC now owns 39,579 shares of the investment management company's stock valued at $428,000 after buying an additional 1,300 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake 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 valued at $424,000 after acquiring an additional 2,610 shares in the last quarter. HighTower Advisors LLC raised its holdings in BlackRock MuniYield Quality Fund II by 20.3% in the 3rd quarter. HighTower Advisors LLC now owns 18,522 shares of the investment management company's stock valued at $194,000 after acquiring an additional 3,131 shares during the last quarter. Rivernorth Capital Management LLC lifted its stake in BlackRock MuniYield Quality Fund II by 0.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,251,418 shares of the investment management company's stock worth $13,540,000 after purchasing an additional 11,450 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of BlackRock MuniYield Quality Fund II by 80.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 33,213 shares of the investment management company's stock worth $327,000 after purchasing an additional 14,813 shares during the last quarter. Hedge funds and other institutional investors own 30.75% of the company's stock.
BlackRock MuniYield Quality Fund II Price Performance
Shares of MQT stock traded up $0.03 during trading hours on Friday, reaching $10.00. The company had a trading volume of 79,460 shares, compared to its average volume of 55,963. BlackRock MuniYield Quality Fund II, Inc. has a 12-month low of $9.74 and a 12-month high of $11.00. The stock has a fifty day moving average of $10.19 and a 200-day moving average of $10.35.
BlackRock MuniYield Quality Fund II Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Friday, March 14th.
About BlackRock MuniYield Quality Fund II
(
Free Report)
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.
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