BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

BlackRock MuniHoldings Quality Fund II Stock Performance

The business’s 50 day moving average is $10.43 and its 200 day moving average is $10.44.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MUE. HighTower Advisors LLC grew its holdings 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 during the last quarter. Rivernorth Capital Management LLC raised its position in BlackRock MuniHoldings Quality Fund II by 1.4% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,245,080 shares of the investment management company’s stock valued at $24,000,000 after purchasing an additional 30,224 shares during the last quarter. Avior Wealth Management LLC boosted its stake in BlackRock MuniHoldings Quality Fund II by 32.1% during the 3rd quarter. Avior Wealth Management LLC now owns 7,750 shares of the investment management company’s stock worth $83,000 after purchasing an additional 1,882 shares during the period. Bank of New York Mellon Corp grew its position in BlackRock MuniHoldings Quality Fund II by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 104,640 shares of the investment management company’s stock worth $1,067,000 after purchasing an additional 2,142 shares during the last quarter. Finally, Whitebox Advisors LLC raised its holdings in shares of BlackRock MuniHoldings Quality Fund II by 6.0% in the third quarter. Whitebox Advisors LLC now owns 101,047 shares of the investment management company’s stock valued at $1,080,000 after buying an additional 5,757 shares during 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.