BlackRock MuniYield Quality Fund (NYSE:MQY) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.43 and traded as low as $11.22. BlackRock MuniYield Quality Fund shares last traded at $11.2360, with a volume of 587,555 shares changing hands.

BlackRock MuniYield Quality Fund Price Performance

The firm’s 50-day moving average price is $11.43 and its 200-day moving average price is $11.47.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a $0.058 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Clear Creek Financial Management LLC grew its stake in BlackRock MuniYield Quality Fund by 6.2% during the fourth quarter. Clear Creek Financial Management LLC now owns 17,111 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 1,000 shares in the last quarter. Primoris Wealth Advisors LLC lifted its stake in BlackRock MuniYield Quality Fund by 2.2% in the 4th quarter. Primoris Wealth Advisors LLC now owns 46,101 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 1,001 shares in the last quarter. Allied Private Wealth LLC bought a new position in BlackRock MuniYield Quality Fund in the 2nd quarter valued at $25,000. World Investment Advisors boosted its holdings in BlackRock MuniYield Quality Fund by 19.3% in the 4th quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 2,190 shares during the period. Finally, Global Retirement Partners LLC bought a new position in BlackRock MuniYield Quality Fund in the 4th quarter valued at $32,000. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.