BlackRock MuniYield Quality Fund (NYSE:MQY) Hits New 52-Week Low – What’s Next?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) reached a new 52-week low on Monday . The stock traded as low as $11.69 and last traded at $11.71, with a volume of 72026 shares traded. The stock had previously closed at $11.80.

BlackRock MuniYield Quality Fund Stock Performance

The company has a 50 day moving average price of $12.53 and a 200-day moving average price of $12.56.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Trading of BlackRock MuniYield Quality Fund

Several large investors have recently bought and sold shares of MQY. Pathway Financial Advisers LLC boosted its position in shares of BlackRock MuniYield Quality Fund by 7,424.0% during the third quarter. Pathway Financial Advisers LLC now owns 298,178 shares of the financial services provider’s stock valued at $3,909,000 after purchasing an additional 294,215 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in BlackRock MuniYield Quality Fund by 41.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 692,268 shares of the financial services provider’s stock valued at $9,076,000 after buying an additional 204,079 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at $584,000. Rothschild Investment LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the 2nd quarter worth about $378,000. Finally, Primoris Wealth Advisors LLC grew its position in shares of BlackRock MuniYield Quality Fund by 107.7% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 40,500 shares of the financial services provider’s stock worth $531,000 after buying an additional 21,000 shares during the period. 25.51% of the stock is owned by institutional investors.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests in long-term municipal obligations the interest on which is exempt from federal income taxes. The fund also invests in short-term securities.