Raymond James Financial Inc. Purchases New Holdings in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT)

Raymond James Financial Inc. bought a new position in BlackRock MuniYield Quality Fund II, Inc. (NYSE:MQT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 500,437 shares of the investment management company's stock, valued at approximately $4,934,000. Raymond James Financial Inc. owned approximately 2.22% of BlackRock MuniYield Quality Fund II as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Noble Wealth Management PBC bought a new stake in shares of BlackRock MuniYield Quality Fund II in the fourth quarter worth $171,000. Virtu Financial LLC bought a new stake in shares of BlackRock MuniYield Quality Fund II in the 4th quarter valued at about $182,000. HighTower Advisors LLC increased its stake in shares of BlackRock MuniYield Quality Fund II by 22.7% in the fourth quarter. HighTower Advisors LLC now owns 22,718 shares of the investment management company's stock valued at $224,000 after buying an additional 4,196 shares during the period. Ackerman Capital Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund II during the fourth quarter worth about $263,000. Finally, Freestone Capital Holdings LLC raised its position in shares of BlackRock MuniYield Quality Fund II by 43.0% during the fourth quarter. Freestone Capital Holdings LLC now owns 28,600 shares of the investment management company's stock worth $282,000 after acquiring an additional 8,600 shares during the last quarter. 30.75% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund II Price Performance

MQT stock remained flat at $9.73 during midday trading on Thursday. 23,089 shares of the company traded hands, compared to its average volume of 59,450. The company's fifty day moving average price is $9.88 and its two-hundred day moving average price is $10.14. BlackRock MuniYield Quality Fund II, Inc. has a 1-year low of $9.05 and a 1-year high of $11.00.

BlackRock MuniYield Quality Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.051 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.61 annualized dividend and a dividend yield of 6.29%.

BlackRock MuniYield Quality Fund II Profile

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.