BlackRock MuniYield Quality Fund (NYSE:MQY) Sets New 52-Week Low – Time to Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) reached 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 traded. The stock had previously closed at $9.85.

BlackRock MuniYield Quality Fund Stock Performance

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

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0580 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.70 annualized dividend and a dividend yield of 7.1%.

Institutional Trading of BlackRock MuniYield Quality Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in MQY. Bank of America Corp DE bought a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $13,028,000. Cura Wealth Advisors LLC purchased a new position in BlackRock MuniYield Quality Fund during the second quarter worth about $3,120,000. Allspring Global Investments Holdings LLC bought a new position in BlackRock MuniYield Quality Fund in the 1st quarter worth about $2,660,000. Royal Bank of Canada raised its holdings in shares of BlackRock MuniYield Quality Fund by 181.0% in the 1st quarter. Royal Bank of Canada now owns 190,734 shares of the financial services provider’s stock valued at $2,094,000 after acquiring an additional 122,847 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of BlackRock MuniYield Quality Fund during the second quarter worth about $1,162,000. 25.51% of the stock is currently owned by 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.