Raymond James Financial Inc. Makes New $4.93 Million Investment in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Raymond James Financial Inc. purchased a new stake in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 SEC filing.

Other hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC boosted its stake in BlackRock MuniYield Quality Fund II by 6.5% during the fourth 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 during the period. HighTower Advisors LLC increased its holdings in BlackRock MuniYield Quality Fund II by 22.7% in the 4th quarter. HighTower Advisors LLC now owns 22,718 shares of the investment management company's stock valued at $224,000 after purchasing an additional 4,196 shares during the last quarter. Freestone Capital Holdings LLC raised its position in BlackRock MuniYield Quality Fund II by 43.0% in the fourth quarter. Freestone Capital Holdings LLC now owns 28,600 shares of the investment management company's stock valued at $282,000 after purchasing an additional 8,600 shares during the period. Wells Fargo & Company MN lifted its stake in BlackRock MuniYield Quality Fund II by 20.2% during the fourth quarter. Wells Fargo & Company MN now owns 52,178 shares of the investment management company's stock worth $514,000 after purchasing an additional 8,766 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its position in shares of BlackRock MuniYield Quality Fund II by 3.7% during the fourth quarter. Sit Investment Associates Inc. now owns 283,593 shares of the investment management company's stock worth $2,796,000 after buying an additional 10,000 shares during the period. 30.75% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund II Trading Up 0.9 %

MQT stock opened at $9.64 on Friday. The business's fifty day moving average price is $9.92 and its 200 day moving average price is $10.16. BlackRock MuniYield Quality Fund II, Inc. has a 12-month low of $9.05 and a 12-month high of $11.00.

BlackRock MuniYield Quality Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.051 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.61 annualized dividend and a dividend yield of 6.35%.

BlackRock MuniYield Quality Fund II 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.

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