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

Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $11.28 and last traded at $11.34, with a volume of 56891 shares changing hands. The stock had previously closed at $11.52.

BlackRock MuniYield Quality Fund Price Performance

The firm has a 50 day moving average price of $11.86 and a 200-day moving average price of $12.22.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.70 dividend on an annualized basis and a yield of 6.20%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 6.0% in the 4th quarter. Advisory Services Network LLC now owns 16,500 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 927 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund by 6.2% in the fourth quarter. Summit Trail Advisors LLC now owns 17,178 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 1,000 shares in the last quarter. Simon Quick Advisors LLC increased its stake in BlackRock MuniYield Quality Fund by 7.7% in the fourth quarter. Simon Quick Advisors LLC now owns 15,195 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 1,088 shares during the last quarter. Bank of Montreal Can raised its holdings in BlackRock MuniYield Quality Fund by 4.2% during the fourth quarter. Bank of Montreal Can now owns 30,038 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 1,202 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its position in shares of BlackRock MuniYield Quality Fund by 10.0% during the 4th quarter. Clear Creek Financial Management LLC now owns 16,654 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,511 shares during the last quarter. Institutional investors and hedge funds own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Company Profile

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.