Rivernorth Capital Management LLC Raises Position in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Rivernorth Capital Management LLC lifted its position in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,251,418 shares of the investment management company’s stock after acquiring an additional 11,450 shares during the quarter. Rivernorth Capital Management LLC owned 5.56% of BlackRock MuniYield Quality Fund II worth $13,540,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. HF Advisory Group LLC purchased a new position in BlackRock MuniYield Quality Fund II in the 3rd quarter worth about $109,000. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniYield Quality Fund II during the second quarter worth approximately $159,000. HighTower Advisors LLC raised its stake in shares of BlackRock MuniYield Quality Fund II by 20.3% during the third 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 in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund II in the third quarter valued at approximately $199,000. Finally, Ackerman Capital Advisors LLC bought a new position in BlackRock MuniYield Quality Fund II in the second quarter worth approximately $199,000. Hedge funds and other institutional investors own 30.75% of the company’s stock.

BlackRock MuniYield Quality Fund II Trading Up 0.2 %

Shares of MQT stock opened at $10.55 on Friday. BlackRock MuniYield Quality Fund II, Inc. has a twelve month low of $9.74 and a twelve month high of $11.00. The stock has a fifty day simple moving average of $10.50 and a two-hundred day simple moving average of $10.47.

BlackRock MuniYield Quality Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.61 annualized dividend and a yield of 5.80%.

About BlackRock MuniYield Quality Fund II

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.