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

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.43 and traded as low as $11.22. BlackRock MuniYield Quality Fund shares last traded at $11.2360, with a volume of 587,555 shares changing hands.

BlackRock MuniYield Quality Fund Stock Down 0.1%

The firm’s 50 day moving average price is $11.43 and its two-hundred day moving average price is $11.47.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.058 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 6.2%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MQY. Allied Private Wealth LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new position in BlackRock MuniYield Quality Fund in the fourth quarter worth $32,000. Garton & Associates Financial Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund during the fourth quarter valued at $32,000. Geneos Wealth Management Inc. bought a new stake in BlackRock MuniYield Quality Fund during the first quarter valued at $34,000. Finally, Ballast Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the first quarter worth $35,000. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Company Profile

BlackRock MuniYield Quality Fund (NYSE: MQY) is a closed-end investment company that seeks to provide shareholders with a high level of current income exempt from federal income tax. The fund pursues its objective by investing primarily in a diversified portfolio of investment-grade municipal securities, including bonds issued by states, municipalities and their agencies across the United States. MQY may employ leverage to enhance income, in line with its stated risk and return objectives.

As part of BlackRock’s suite of municipal bond offerings, MQY benefits from the firm’s municipal fixed-income research, trading capabilities and credit analysis.