BlackRock MuniYield Quality Fund (NYSE:MQY) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.60 and traded as low as $11.53. BlackRock MuniYield Quality Fund shares last traded at $11.57, with a volume of 151,551 shares changing hands.

BlackRock MuniYield Quality Fund Stock Up 0.3%

The company’s fifty day moving average price is $11.60 and its two-hundred day moving average price is $11.23.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, November 14th.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

Several large investors have recently bought and sold shares of MQY. Stratos Wealth Partners LTD. grew its holdings in BlackRock MuniYield Quality Fund by 33.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 20,828 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 5,251 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of BlackRock MuniYield Quality Fund by 15.1% in the 1st quarter. Bank of New York Mellon Corp now owns 32,459 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 4,260 shares during the period. Cetera Investment Advisers boosted its position in shares of BlackRock MuniYield Quality Fund by 10.7% in the 1st quarter. Cetera Investment Advisers now owns 23,937 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 2,316 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund during the first quarter worth $594,000. Finally, Westchester Capital Management LLC bought a new stake in BlackRock MuniYield Quality Fund in the first quarter valued at about $1,526,000. 25.51% of the stock is currently owned by institutional investors and hedge funds.

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.