BlackRock MuniYield Quality Fund (NYSE:MQY) Hits New 12-Month Low – Here’s What Happened

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)’s share price hit a new 52-week low on Monday . The company traded as low as $11.69 and last traded at $11.71, with a volume of 72026 shares trading hands. The stock had previously closed at $11.80.

BlackRock MuniYield Quality Fund Stock Down 0.3 %

The stock’s 50 day moving average is $12.56 and its two-hundred day moving average is $12.56.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 5.92%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Large investors have recently modified their holdings of the business. Pathway Financial Advisers LLC increased its holdings in shares of BlackRock MuniYield Quality Fund by 7,424.0% in the third quarter. Pathway Financial Advisers LLC now owns 298,178 shares of the financial services provider’s stock valued at $3,909,000 after purchasing an additional 294,215 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund by 41.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 692,268 shares of the financial services provider’s stock worth $9,076,000 after acquiring an additional 204,079 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth $584,000. Rothschild Investment LLC acquired a new position in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at about $378,000. Finally, Primoris Wealth Advisors LLC grew its holdings in shares of BlackRock MuniYield Quality Fund by 107.7% in the third quarter. Primoris Wealth Advisors LLC now owns 40,500 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 21,000 shares during the period. Hedge funds and other institutional investors 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.