BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Large Volume Increase – Here’s What Happened

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw strong trading volume on Thursday. Approximately 1,318,035 shares traded hands during mid-day trading, an increase of 167% from the previous session’s volume of 493,296 shares. The stock last traded at $10.0750 and had previously closed at $9.96.

BlackRock MuniYield Quality Fund Trading Up 1.9%

The company has a 50-day simple moving average of $10.63 and a two-hundred day simple moving average of $11.12.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0580 per share. The ex-dividend date is Friday, December 11th. This represents a $0.70 annualized dividend and a yield of 6.9%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in BlackRock MuniYield Quality Fund by 3.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 30,080 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 1,132 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in BlackRock MuniYield Quality Fund by 117.7% during 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 bought a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $25,000. World Investment Advisors lifted its holdings in BlackRock MuniYield Quality Fund by 19.3% during the 4th quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock valued at $153,000 after buying an additional 2,190 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in BlackRock MuniYield Quality Fund during the 1st quarter worth $34,000. Hedge funds and other institutional investors 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.