BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) Declares $0.03 Monthly Dividend

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) declared a monthly dividend on Wednesday, September 6th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.029 per share by the investment management company on Monday, October 2nd. This represents a $0.35 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, September 14th.

BlackRock MuniHoldings Quality Fund II Price Performance

Shares of MUE stock opened at $9.41 on Thursday. The stock’s 50 day simple moving average is $9.66 and its 200 day simple moving average is $9.74. BlackRock MuniHoldings Quality Fund II has a twelve month low of $9.31 and a twelve month high of $11.18.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

A number of institutional investors and hedge funds have recently modified their holdings of MUE. JPMorgan Chase & Co. grew its stake in BlackRock MuniHoldings Quality Fund II by 894.1% in the 4th quarter. JPMorgan Chase & Co. now owns 5,875 shares of the investment management company’s stock valued at $58,000 after buying an additional 5,284 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of BlackRock MuniHoldings Quality Fund II during the fourth quarter worth approximately $112,000. Rivernorth Capital Management LLC bought a new position in shares of BlackRock MuniHoldings Quality Fund II during the 1st quarter worth about $135,000. Robinson Capital Management LLC bought a new stake in shares of BlackRock MuniHoldings Quality Fund II in the 1st quarter worth approximately $137,000. Finally, Advisory Services Network LLC increased its holdings in BlackRock MuniHoldings Quality Fund II by 17.8% in the 1st quarter. Advisory Services Network LLC now owns 16,990 shares of the investment management company’s stock valued at $171,000 after buying an additional 2,562 shares during the period.

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.