BlackRock MuniYield Quality Fund (NYSE:MQY) Hits New 1-Year Low – Should You Sell?

Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) hit a new 52-week low during trading on Thursday . The stock traded as low as $10.60 and last traded at $10.5650, with a volume of 100912 shares traded. The stock had previously closed at $10.70.

BlackRock MuniYield Quality Fund Stock Up 0.6%

The stock’s fifty day simple moving average is $11.23 and its two-hundred day simple moving average is $11.34.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of BlackRock MuniYield Quality Fund by 117.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,321 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,255 shares in the last quarter. Allied Private Wealth LLC acquired a new position in BlackRock MuniYield Quality Fund during the second quarter valued at approximately $25,000. World Investment Advisors grew its stake in BlackRock MuniYield Quality Fund by 19.3% during the fourth quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock worth $153,000 after buying an additional 2,190 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth $32,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund in the 4th quarter valued at $32,000. 25.51% of the stock is currently owned by institutional investors and hedge funds.

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.