Wolverine Asset Management Acquires 57,497 Shares in BlackRock Fund

Wolverine Asset Management LLC has significantly increased its holdings in BlackRock MuniYield Quality Fund II, Inc. (NYSE: MQT) by acquiring an additional 57,497 shares during the second quarter of 2023. This move boosted the institutional investor’s stake by an impressive 118.7%, bringing its total ownership to 105,924 shares. As of the end of June 2023, Wolverine’s investment in the fund was valued at approximately $1,021,000.

Several other institutional investors have also made moves involving BlackRock MuniYield Quality Fund II. For instance, Stratos Wealth Partners LTD. initiated a new position in the fund during the same quarter, amounting to $110,000. NewEdge Advisors LLC increased its stake by 8.6% in the first quarter and now holds 25,236 shares valued at $252,000. Nuveen LLC also entered the market with a new investment worth $266,000.

Another notable transaction occurred when Whipplewood Advisors LLC expanded its holdings by an impressive 209.0% during the second quarter, now owning 33,867 shares valued at $326,000 after acquiring an additional 22,907 shares. Additionally, Retirement Planning Co of New England Inc. purchased a new position in the first quarter valued at $420,000. Overall, institutional investors currently hold approximately 30.75% of the fund’s stock.

BlackRock MuniYield Quality Fund II Performance

As of the latest trading session, shares of BlackRock MuniYield Quality Fund II opened at $10.04. The fund has experienced a 12-month range, with a low of $9.05 and a high of $10.74. Its fifty-day simple moving average stands at $9.98, while the 200-day average is $9.71.

About BlackRock MuniYield Quality Fund II

BlackRock MuniYield Quality Fund II, Inc. is a closed-end fixed income mutual fund that was launched by BlackRock, Inc. on September 21, 1992. Managed by BlackRock Advisors, LLC, the fund focuses on investments in fixed income markets, primarily targeting municipal debt bonds that are exempt from federal income taxes. This strategy aligns with the fund’s objective to provide income while managing risks associated with municipal bonds.

The recent activities of Wolverine Asset Management and other institutional investors reflect ongoing interest in BlackRock MuniYield Quality Fund II, indicating a potentially positive outlook for the fund in the current financial climate.