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 Thursday. Approximately 2,221,571 shares were traded during mid-day trading, an increase of 369% from the previous session’s volume of 473,437 shares. The stock last traded at $9.8250 and had previously closed at $9.79.

BlackRock MuniYield Quality Fund Trading Up 0.5%

The stock’s 50 day simple moving average is $10.76 and its 200 day simple moving average is $11.16.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0580 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, December 11th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new position in BlackRock MuniYield Quality Fund during the second quarter worth $112,000. RFG Advisory LLC bought a new stake in BlackRock MuniYield Quality Fund during the second quarter valued at $130,000. NewEdge Advisors LLC raised its holdings in shares of BlackRock MuniYield Quality Fund by 9.3% during the second quarter. NewEdge Advisors LLC now owns 256,126 shares of the financial services provider’s stock worth $2,971,000 after purchasing an additional 21,891 shares during the period. HighTower Advisors LLC lifted its position in shares of BlackRock MuniYield Quality Fund by 15.3% in the 2nd quarter. HighTower Advisors LLC now owns 157,180 shares of the financial services provider’s stock worth $1,823,000 after buying an additional 20,868 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter valued at about $407,000. Institutional investors own 25.51% of the company’s stock.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund, Inc (NYSE: MQY) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide current income that is exempt from regular U.S. federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in long-term municipal obligations issued by states, municipalities, and other governmental entities throughout the United States. Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt securities used to finance public infrastructure and services.

As a national municipal bond fund, BlackRock MuniYield Quality Fund generally invests across multiple U.S.