BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Large Volume Increase – Here’s What Happened

Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw unusually-high trading volume on Tuesday . Approximately 96,855 shares traded hands during mid-day trading, a decline of 42% from the previous session’s volume of 167,432 shares.The stock last traded at $11.53 and had previously closed at $11.44.

BlackRock MuniYield Quality Fund Stock Up 0.7 %

The company has a fifty day moving average price of $12.34 and a 200 day moving average price of $12.53.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.058 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.70 dividend on an annualized basis and a yield of 6.04%.

Institutional Trading of BlackRock MuniYield Quality Fund

Institutional investors have recently made changes to their positions in the stock. Clear Creek Financial Management LLC boosted its holdings in shares of BlackRock MuniYield Quality Fund by 20.7% during the third quarter. Clear Creek Financial Management LLC now owns 15,143 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 2,600 shares during the period. Bank of New York Mellon Corp lifted its holdings in BlackRock MuniYield Quality Fund by 4.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,144 shares of the financial services provider’s stock worth $751,000 after buying an additional 2,771 shares during the period. Larson Financial Group LLC purchased a new stake in BlackRock MuniYield Quality Fund in the 2nd quarter worth approximately $34,000. WealthBridge Capital Management LLC grew its position in shares of BlackRock MuniYield Quality Fund by 7.6% in the 3rd quarter. WealthBridge Capital Management LLC now owns 42,265 shares of the financial services provider’s stock worth $554,000 after buying an additional 3,000 shares during the last quarter. Finally, Luken Investment Analytics LLC purchased a new position in shares of BlackRock MuniYield Quality Fund during the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 25.51% of the company’s stock.

About BlackRock MuniYield Quality Fund

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.