BlackRock MuniYield Quality Fund (NYSE:MQY) Stock Crosses Below Fifty Day Moving Average – What’s Next?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

BlackRock MuniYield Quality Fund Stock Performance

The firm’s 50 day moving average price is $11.51 and its two-hundred day moving average price is $11.27.

BlackRock MuniYield Quality Fund Announces Dividend

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

Institutional Trading of BlackRock MuniYield Quality Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. First Horizon Corp acquired a new position in BlackRock MuniYield Quality Fund during the 3rd quarter worth approximately $34,000. Chung Wu Investment Group LLC bought a new position in shares of BlackRock MuniYield Quality Fund in the second quarter worth $78,000. Anchor Investment Management LLC increased its position in shares of BlackRock MuniYield Quality Fund by 19.2% during the second quarter. Anchor Investment Management LLC now owns 7,131 shares of the financial services provider’s stock valued at $79,000 after buying an additional 1,150 shares during the period. Nomura Holdings Inc. bought a new position in shares of BlackRock MuniYield Quality Fund in the second quarter worth $111,000. Finally, Wealth Alliance LLC bought a new stake in shares of BlackRock MuniYield Quality Fund during the 3rd quarter valued at about $116,000. 25.51% of the stock is currently 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.