BlackRock MuniYield Quality Fund (NYSE:MQY) Hits New 12-Month Low – Should You Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares hit a new 52-week low during trading on Friday . The company traded as low as $10.84 and last traded at $10.8450, with a volume of 335599 shares. The stock had previously closed at $10.88.

BlackRock MuniYield Quality Fund Stock Down 0.2%

The company’s fifty day moving average is $11.33 and its two-hundred day moving average is $11.38.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Several large investors have recently modified their holdings of the stock. HighTower Advisors LLC grew its position in shares of BlackRock MuniYield Quality Fund by 15.3% in the second quarter. HighTower Advisors LLC now owns 157,180 shares of the financial services provider’s stock valued at $1,823,000 after purchasing an additional 20,868 shares during the last quarter. Readystate Asset Management LP acquired a new position in shares of BlackRock MuniYield Quality Fund in the second quarter valued at about $407,000. NWF Advisory Services Inc. bought a new position in BlackRock MuniYield Quality Fund during the second quarter worth about $131,000. Concurrent Investment Advisors LLC raised its stake in BlackRock MuniYield Quality Fund by 11.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 78,050 shares of the financial services provider’s stock worth $905,000 after purchasing an additional 8,033 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position in BlackRock MuniYield Quality Fund by 27.8% during the second quarter. Susquehanna International Group LLP now owns 39,547 shares of the financial services provider’s stock worth $459,000 after buying an additional 8,592 shares in the last quarter. 25.51% of the stock is owned by institutional investors.

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.