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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares saw unusually-strong trading volume on Tuesday . Approximately 256,189 shares were traded 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 has a fifty day simple moving average of $12.53 and a 200-day simple moving average of $12.56.

BlackRock MuniYield Quality Fund Announces Dividend

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

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of MQY. Larson Financial Group LLC acquired a new position in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth about $34,000. Luken Investment Analytics LLC acquired a new position in BlackRock MuniYield Quality Fund in the 2nd quarter valued at about $48,000. Stifel Financial Corp bought a new stake in shares of BlackRock MuniYield Quality Fund during the third quarter worth approximately $187,000. Clear Creek Financial Management LLC lifted its holdings in BlackRock MuniYield Quality Fund by 20.7% during the 3rd 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 last quarter. Finally, Primoris Wealth Advisors LLC boosted its stake in BlackRock MuniYield Quality Fund by 56.0% in the 2nd quarter. Primoris Wealth Advisors LLC now owns 19,500 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 7,000 shares during the period. Institutional investors and hedge funds 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.