BlackRock MuniYield Quality Fund (NYSE:MQY) Shares Cross Below 50-Day Moving Average – Here’s Why

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.51 and traded as low as $11.35. BlackRock MuniYield Quality Fund shares last traded at $11.36, with a volume of 248,852 shares trading hands.

BlackRock MuniYield Quality Fund Stock Performance

The business’s 50-day moving average is $11.51 and its 200-day moving average is $11.27.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were given a $0.058 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Friday, November 14th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC increased its position in BlackRock MuniYield Quality Fund by 19.2% in the second quarter. Anchor Investment Management LLC now owns 7,131 shares of the financial services provider’s stock worth $79,000 after buying an additional 1,150 shares in the last quarter. Bank of Montreal Can grew its stake in shares of BlackRock MuniYield Quality Fund by 6.3% during the 2nd quarter. Bank of Montreal Can now owns 32,120 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 1,904 shares during the period. Cetera Investment Advisers increased its holdings in BlackRock MuniYield Quality Fund by 10.7% in the 1st quarter. Cetera Investment Advisers now owns 23,937 shares of the financial services provider’s stock worth $280,000 after acquiring an additional 2,316 shares in the last quarter. First Horizon Corp bought a new stake in BlackRock MuniYield Quality Fund during the 3rd quarter worth approximately $34,000. Finally, NewEdge Advisors LLC lifted its holdings in BlackRock MuniYield Quality Fund by 7.4% during the first quarter. NewEdge Advisors LLC now owns 45,824 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 3,168 shares in the last quarter. Hedge funds and other institutional investors own 25.51% of the company’s stock.

About BlackRock MuniYield Quality Fund

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.