BlackRock MuniYield Quality Fund (NYSE:MQY) Sets New 12-Month Low – Here’s What Happened

Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.45 and last traded at $11.45, with a volume of 408 shares. The stock had previously closed at $11.50.

BlackRock MuniYield Quality Fund Price Performance

The stock has a 50-day moving average price of $12.36 and a 200 day moving average price of $12.53.

BlackRock MuniYield Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.058 dividend. This represents a $0.70 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MQY. Larson Financial Group LLC acquired a new position in BlackRock MuniYield Quality Fund during the second quarter worth approximately $34,000. Luken Investment Analytics LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at $48,000. Stifel Financial Corp acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 3rd quarter worth $187,000. Clear Creek Financial Management LLC raised its position in shares of BlackRock MuniYield Quality Fund by 20.7% in the 3rd quarter. Clear Creek Financial Management LLC now owns 15,143 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,600 shares during the period. Finally, Primoris Wealth Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund by 107.7% in the third quarter. Primoris Wealth Advisors LLC now owns 40,500 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 21,000 shares during the last quarter. 25.51% of the stock is currently owned by hedge funds and other institutional investors.

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.