BlackRock MuniYield Quality Fund (NYSE:MQY) Trading Down 0% – Here’s Why

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)’s stock price was down 0% during mid-day trading on Monday . The company traded as low as $11.57 and last traded at $11.5950. Approximately 118,067 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 356,731 shares. The stock had previously closed at $11.60.

BlackRock MuniYield Quality Fund Stock Performance

The company has a 50-day moving average of $11.40 and a 200 day moving average of $11.33.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Guggenheim Capital LLC grew its stake in BlackRock MuniYield Quality Fund by 1.9% during the 2nd quarter. Guggenheim Capital LLC now owns 1,344,281 shares of the financial services provider’s stock valued at $14,935,000 after acquiring an additional 24,825 shares in the last quarter. Cornerstone Advisory LLC boosted its holdings in shares of BlackRock MuniYield Quality Fund by 1.3% during 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 last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of BlackRock MuniYield Quality Fund by 2.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,057,595 shares of the financial services provider’s stock valued at $12,321,000 after purchasing an additional 29,915 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of BlackRock MuniYield Quality Fund by 3.5% in the third quarter. Van ECK Associates Corp now owns 460,595 shares of the financial services provider’s stock valued at $5,366,000 after purchasing an additional 15,432 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in BlackRock MuniYield Quality Fund by 9.3% during the third quarter. Raymond James Financial Inc. now owns 310,521 shares of the financial services provider’s stock worth $3,618,000 after buying an additional 26,293 shares in the last quarter. 25.51% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Company Profile

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.