BlackRock MuniYield Quality Fund (NYSE:MQY) Reaches New 12-Month Low – What’s Next?

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 Stock Down 0.3 %

The firm’s fifty day moving average is $12.42 and its 200 day moving average is $12.54.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.058 per share. This represents a $0.70 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend is Monday, December 16th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in MQY. Clear Creek Financial Management LLC boosted its stake 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 valued at $199,000 after purchasing an additional 2,600 shares in the last quarter. Bank of New York Mellon Corp increased its position in BlackRock MuniYield Quality Fund by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 61,144 shares of the financial services provider’s stock worth $751,000 after purchasing an additional 2,771 shares during the period. Larson Financial Group LLC bought a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter worth about $34,000. WealthBridge Capital Management LLC lifted its position in BlackRock MuniYield Quality Fund by 7.6% during the 3rd quarter. WealthBridge Capital Management LLC now owns 42,265 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 3,000 shares during the period. Finally, Luken Investment Analytics LLC bought a new position in BlackRock MuniYield Quality Fund in the second quarter valued at approximately $48,000. 25.51% of the stock is owned by 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.