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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares saw unusually-high trading volume on Tuesday . Approximately 1,314,148 shares traded hands during mid-day trading, an increase of 244% from the previous session’s volume of 381,821 shares.The stock last traded at $10.3450 and had previously closed at $10.56.

BlackRock MuniYield Quality Fund Trading Down 2.1%

The company has a fifty day simple moving average of $11.21 and a 200 day simple moving average of $11.33.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, December 11th.

Institutional Trading of BlackRock MuniYield Quality Fund

Institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC increased its position in BlackRock MuniYield Quality Fund by 223.8% during the 1st quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock valued at $86,735,000 after purchasing an additional 5,459,910 shares during the period. Bank of America Corp DE bought a new stake in shares of BlackRock MuniYield Quality Fund in the 2nd quarter valued at $21,090,000. Rareview Capital LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the first quarter worth $4,930,000. Cura Wealth Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the second quarter worth $3,120,000. Finally, Cetera Investment Advisers raised its stake in BlackRock MuniYield Quality Fund by 500.5% during the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock worth $3,443,000 after buying an additional 261,344 shares during the last quarter. 25.51% of the stock is currently owned by institutional investors.

About BlackRock MuniYield Quality Fund

BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in a portfolio of municipal obligations issued by states, territories, municipalities and other governmental entities.

The fund generally invests in longer-term municipal bonds and may allocate assets across various sectors of the municipal market, including essential-service areas such as education, health care, transportation, utilities and public infrastructure.