BlackRock MuniHoldings Quality Fund II (NYSE:MUE) Shares Pass Below 200-Day Moving Average – Time to Sell?

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.89 and traded as low as $9.52. BlackRock MuniHoldings Quality Fund II shares last traded at $9.55, with a volume of 59,665 shares traded.

BlackRock MuniHoldings Quality Fund II Price Performance

The stock’s 50-day simple moving average is $9.58 and its 200-day simple moving average is $9.89.

BlackRock MuniHoldings Quality Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 6.41%. The ex-dividend date is Tuesday, July 15th.

Institutional Trading of BlackRock MuniHoldings Quality Fund II

A number of institutional investors and hedge funds have recently modified their holdings of MUE. Guggenheim Capital LLC raised its position in BlackRock MuniHoldings Quality Fund II by 18.1% in the fourth quarter. Guggenheim Capital LLC now owns 507,340 shares of the investment management company’s stock worth $5,073,000 after acquiring an additional 77,765 shares during the period. Sit Investment Associates Inc. increased its stake in shares of BlackRock MuniHoldings Quality Fund II by 0.7% during the 1st quarter. Sit Investment Associates Inc. now owns 342,355 shares of the investment management company’s stock worth $3,424,000 after purchasing an additional 2,500 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock MuniHoldings Quality Fund II by 569.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 186,328 shares of the investment management company’s stock worth $1,863,000 after purchasing an additional 158,508 shares during the last quarter. Invesco Ltd. raised its holdings in shares of BlackRock MuniHoldings Quality Fund II by 33.8% in the 1st quarter. Invesco Ltd. now owns 169,644 shares of the investment management company’s stock worth $1,696,000 after purchasing an additional 42,851 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in BlackRock MuniHoldings Quality Fund II in the fourth quarter valued at approximately $1,181,000.

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.