BlackRock MuniYield Quality Fund (NYSE:MQY) Shares Pass Below 50 Day Moving Average – Should You Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.62 and traded as low as $11.13. BlackRock MuniYield Quality Fund shares last traded at $11.1560, with a volume of 317,603 shares traded.

BlackRock MuniYield Quality Fund Stock Performance

The firm has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $11.54.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.058 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of BlackRock MuniYield Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC boosted its stake in shares of BlackRock MuniYield Quality Fund by 3.0% during the 4th quarter. Guggenheim Capital LLC now owns 1,557,152 shares of the financial services provider’s stock worth $17,596,000 after acquiring an additional 45,356 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund by 35.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock worth $16,141,000 after purchasing an additional 370,808 shares in the last quarter. Cornerstone Advisory LLC raised its holdings in BlackRock MuniYield Quality Fund by 1.3% in the 3rd quarter. Cornerstone Advisory LLC now owns 1,095,690 shares of the financial services provider’s stock worth $12,765,000 after purchasing an additional 13,826 shares during the period. Wells Fargo & Company MN lifted its position in BlackRock MuniYield Quality Fund by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 930,683 shares of the financial services provider’s stock valued at $10,517,000 after purchasing an additional 54,787 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in BlackRock MuniYield Quality Fund by 18.2% during the fourth quarter. Van ECK Associates Corp now owns 544,362 shares of the financial services provider’s stock valued at $6,151,000 after purchasing an additional 83,767 shares during the period. 25.51% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.