BlackRock MuniYield Quality Fund (NYSE:MQY) Hits New 52-Week Low – Time to Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $9.76 and last traded at $9.8150, with a volume of 92768 shares. The stock had previously closed at $9.85.

BlackRock MuniYield Quality Fund Trading Up 0.9%

The business’s 50 day moving average is $10.73 and its 200 day moving average is $11.15.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced 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. This represents a $0.70 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rivernorth Capital Management LLC increased its stake in BlackRock MuniYield Quality Fund by 223.8% in 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 purchasing an additional 5,459,910 shares during the period. Bank of America Corp DE purchased a new position in BlackRock MuniYield Quality Fund in the 2nd quarter worth about $21,090,000. Van ECK Associates Corp lifted its holdings in BlackRock MuniYield Quality Fund by 2.6% during the 2nd quarter. Van ECK Associates Corp now owns 1,194,747 shares of the financial services provider’s stock valued at $13,859,000 after buying an additional 30,234 shares in the last quarter. Rareview Capital LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 1st quarter valued at about $4,930,000. Finally, Cetera Investment Advisers boosted its position in BlackRock MuniYield Quality Fund by 500.5% in the 1st quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock valued at $3,443,000 after buying an additional 261,344 shares during the period. 25.51% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc (NYSE: MQY) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in long-term municipal obligations issued by states, municipalities, and other governmental entities throughout the United States. Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt securities used to finance public infrastructure and services.

As a national municipal bond fund, BlackRock MuniYield Quality Fund generally invests across multiple U.S.