BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Unusually-High Trading Volume – Time to Buy?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw unusually-high trading volume on Thursday. Approximately 907,587 shares were traded during trading, an increase of 107% from the previous session’s volume of 437,487 shares. The stock last traded at $9.8750 and had previously closed at $9.93.

BlackRock MuniYield Quality Fund Trading Down 0.2%

The stock has a 50-day moving average price of $10.89 and a 200 day moving average price of $11.21.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0580 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.70 annualized dividend and a yield of 7.0%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Several large investors have recently modified their holdings of MQY. Rivernorth Capital Management LLC boosted its stake in shares of BlackRock MuniYield Quality Fund by 223.8% during the first quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock worth $86,735,000 after buying an additional 5,459,910 shares during the period. Bank of America Corp DE purchased a new position in shares of BlackRock MuniYield Quality Fund during the second quarter worth about $21,090,000. Rareview Capital LLC acquired a new position in BlackRock MuniYield Quality Fund in the 1st quarter valued at about $4,930,000. Cura Wealth Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund in the 2nd quarter valued at about $3,120,000. Finally, Cetera Investment Advisers raised its stake in BlackRock MuniYield Quality Fund by 500.5% during the 1st quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock valued at $3,443,000 after acquiring an additional 261,344 shares during the last quarter. 25.51% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.