BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Strong Trading Volume – Time to Buy?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw unusually-strong trading volume on Thursday. Approximately 907,587 shares were traded during 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 Trading Down 0.2%

The company has a fifty day moving average of $10.89 and a two-hundred day moving average of $11.21.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0580 per share. The ex-dividend date is Friday, December 11th. This represents a $0.70 dividend on an annualized basis and a yield of 7.0%.

Institutional Trading of BlackRock MuniYield Quality Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allied Private Wealth LLC purchased a new position in BlackRock MuniYield Quality Fund during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $27,000. Geneos Wealth Management Inc. acquired a new position in BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $34,000. Ballast Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $35,000. Finally, Fifth Third Bancorp purchased a new position in shares of BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $54,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.