BlackRock MuniHoldings Quality Fund II, Inc. to Issue Monthly Dividend of $0.05 (NYSE:MUE)

BlackRock MuniHoldings Quality Fund II, Inc. (NYSE:MUE) announced a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be given a dividend of 0.051 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Monday, December 22nd.

BlackRock MuniHoldings Quality Fund II Trading Down 0.1%

NYSE:MUE traded down $0.01 during trading hours on Friday, reaching $10.00. The company’s stock had a trading volume of 229,451 shares, compared to its average volume of 71,247. BlackRock MuniHoldings Quality Fund II has a one year low of $9.26 and a one year high of $10.48. The business’s 50-day moving average is $10.04 and its 200-day moving average is $9.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Hilltop National Bank bought a new stake in BlackRock MuniHoldings Quality Fund II during the second quarter worth approximately $32,000. Advisory Services Network LLC bought a new stake in shares of BlackRock MuniHoldings Quality Fund II during the 3rd quarter worth $36,000. Allworth Financial LP acquired a new position in BlackRock MuniHoldings Quality Fund II in the 2nd quarter valued at $67,000. Wolverine Asset Management LLC grew its stake in BlackRock MuniHoldings Quality Fund II by 87.2% in the 2nd quarter. Wolverine Asset Management LLC now owns 8,268 shares of the investment management company’s stock valued at $79,000 after buying an additional 3,851 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in BlackRock MuniHoldings Quality Fund II by 113.4% in the 2nd quarter. Osaic Holdings Inc. now owns 9,941 shares of the investment management company’s stock worth $95,000 after acquiring an additional 5,283 shares during the period.

About BlackRock MuniHoldings Quality Fund II

BlackRock MuniHoldings Quality Fund II (NYSE:MUE) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income taxes. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including general obligation bonds, revenue bonds and insured or prerefunded issues. By focusing on quality issuers, the fund aims to balance income generation with a degree of credit preservation within the tax-free municipal bond market.

The fund’s portfolio typically comprises securities issued by state and local governments across the United States, enabling exposure to a broad range of tax-exempt muni credits.