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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares saw unusually-strong trading volume on Tuesday . Approximately 1,314,148 shares traded hands during trading, an increase of 244% from the previous session’s volume of 381,821 shares.The stock last traded at $10.3450 and had previously closed at $10.56.

BlackRock MuniYield Quality Fund Trading Down 2.1%

The firm has a 50-day moving average of $11.21 and a two-hundred day moving average of $11.33.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Several hedge funds and other institutional investors have recently made changes to their positions in MQY. Allied Private Wealth LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $27,000. Geneos Wealth Management Inc. bought a new stake in BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $34,000. Ballast Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $35,000. Finally, Fifth Third Bancorp acquired a new position in BlackRock MuniYield Quality Fund in the 1st quarter valued at approximately $54,000. 25.51% of the stock is owned by institutional investors.

About BlackRock MuniYield Quality Fund

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.