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

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

BlackRock MuniYield Quality Fund Price Performance

The firm’s 50 day simple moving average is $10.79 and its two-hundred day simple moving average is $11.17.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors 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 yield of 7.1%. The ex-dividend date is Friday, December 11th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MQY. Rivernorth Capital Management LLC raised its holdings in BlackRock MuniYield Quality Fund by 223.8% during the 1st quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock valued at $86,735,000 after buying an additional 5,459,910 shares during the last quarter. Bank of America Corp DE purchased a new position in BlackRock MuniYield Quality Fund during the 2nd quarter valued at about $21,090,000. Van ECK Associates Corp raised its holdings in shares of BlackRock MuniYield Quality Fund by 2.6% during the second quarter. Van ECK Associates Corp now owns 1,194,747 shares of the financial services provider’s stock valued at $13,859,000 after acquiring an additional 30,234 shares in the last quarter. Rareview Capital LLC purchased a new position in BlackRock MuniYield Quality Fund during the 1st quarter valued at $4,930,000. Finally, Cetera Investment Advisers raised its stake in BlackRock MuniYield Quality Fund by 500.5% in the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock worth $3,443,000 after buying an additional 261,344 shares in the last quarter. 25.51% of the stock is owned by hedge funds and other 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.