BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Strong Trading Volume – What’s Next?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares saw unusually-high trading volume on Thursday. 907,587 shares traded hands during mid-day 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 Stock Up 1.0%

The business has a fifty day moving average price of $10.84 and a 200 day moving average price of $11.19.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0580 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, December 11th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

A number of large investors have recently bought and sold shares of MQY. Northwestern Mutual Wealth Management Co. increased its position in shares of BlackRock MuniYield Quality Fund by 117.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,321 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 1,255 shares during the last quarter. Allied Private Wealth LLC acquired a new position in BlackRock MuniYield Quality Fund during the second quarter valued at approximately $25,000. World Investment Advisors grew its stake in BlackRock MuniYield Quality Fund by 19.3% in the fourth quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,190 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $34,000. Finally, Ballast Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

About BlackRock MuniYield Quality Fund

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.