BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Unusually-High Trading Volume – Still a Buy?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares saw unusually-high trading volume on Tuesday . Approximately 256,189 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 158,337 shares.The stock last traded at $11.57 and had previously closed at $11.72.

BlackRock MuniYield Quality Fund Trading Down 0.3 %

The stock’s 50-day simple moving average is $12.50 and its 200-day simple moving average is $12.56.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.058 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.70 dividend on an annualized basis and a yield of 5.96%.

Institutional Trading of BlackRock MuniYield Quality Fund

Institutional investors have recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew its stake in BlackRock MuniYield Quality Fund by 7,424.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 298,178 shares of the financial services provider’s stock valued at $3,909,000 after purchasing an additional 294,215 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in BlackRock MuniYield Quality Fund by 41.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 692,268 shares of the financial services provider’s stock worth $9,076,000 after acquiring an additional 204,079 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund during the second quarter valued at approximately $584,000. Rothschild Investment LLC purchased a new position in BlackRock MuniYield Quality Fund in the second quarter worth $378,000. Finally, Primoris Wealth Advisors LLC grew its stake in shares of BlackRock MuniYield Quality Fund by 107.7% during the third quarter. Primoris Wealth Advisors LLC now owns 40,500 shares of the financial services provider’s stock valued at $531,000 after buying an additional 21,000 shares during the last quarter. 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.