BlackRock MuniYield Quality Fund (NYSE:MQY) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.51 and traded as low as $11.35. BlackRock MuniYield Quality Fund shares last traded at $11.36, with a volume of 248,852 shares.

BlackRock MuniYield Quality Fund Stock Down 0.5%

The stock has a 50 day simple moving average of $11.51 and a 200-day simple moving average of $11.27.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Friday, November 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MQY. Guggenheim Capital LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund by 1.9% in the second quarter. Guggenheim Capital LLC now owns 1,344,281 shares of the financial services provider’s stock worth $14,935,000 after buying an additional 24,825 shares in the last quarter. Cornerstone Advisory LLC increased its holdings in BlackRock MuniYield Quality Fund by 1.3% in the 3rd quarter. Cornerstone Advisory LLC now owns 1,095,690 shares of the financial services provider’s stock valued at $12,765,000 after acquiring an additional 13,826 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in BlackRock MuniYield Quality Fund by 2.9% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,057,595 shares of the financial services provider’s stock worth $12,321,000 after purchasing an additional 29,915 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of BlackRock MuniYield Quality Fund by 3.5% during the 3rd quarter. Van ECK Associates Corp now owns 460,595 shares of the financial services provider’s stock valued at $5,366,000 after purchasing an additional 15,432 shares during the last quarter. Finally, Cura Wealth Advisors LLC grew its position in shares of BlackRock MuniYield Quality Fund by 6.1% during the first quarter. Cura Wealth Advisors LLC now owns 363,000 shares of the financial services provider’s stock valued at $4,251,000 after purchasing an additional 21,000 shares in 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.