BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Get Free Report) shares saw an uptick in trading volume on Thursday. 1,318,035 shares were traded during trading, an increase of 167% from the previous session’s volume of 493,296 shares. The stock last traded at $10.0750 and had previously closed at $9.96.
BlackRock MuniYield Quality Fund Trading Up 1.0%
The business’s 50-day moving average is $10.58 and its two-hundred day moving average is $11.11.
BlackRock MuniYield Quality Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.0580 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.70 annualized dividend and a yield of 6.8%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC boosted its position in BlackRock MuniYield Quality Fund by 223.8% during the first quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock worth $86,735,000 after purchasing an additional 5,459,910 shares during the period. Bank of America Corp DE bought a new position in shares of BlackRock MuniYield Quality Fund in the second quarter worth $21,090,000. Van ECK Associates Corp raised its holdings in shares of BlackRock MuniYield Quality Fund by 2.6% in the 2nd quarter. Van ECK Associates Corp now owns 1,194,747 shares of the financial services provider’s stock valued at $13,859,000 after acquiring an additional 30,234 shares in the last quarter. Rareview Capital LLC purchased a new stake in BlackRock MuniYield Quality Fund in the first quarter valued at approximately $4,930,000. Finally, Cetera Investment Advisers grew its stake in BlackRock MuniYield Quality Fund by 500.5% in the 1st 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 in the last quarter. Hedge funds and other 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.
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