BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Large Volume Increase – Still a Buy?

Shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw an uptick in trading volume on Tuesday . 96,855 shares changed hands during mid-day trading, a decline of 42% from the previous session’s volume of 167,432 shares.The stock last traded at $11.53 and had previously closed at $11.44.

BlackRock MuniYield Quality Fund Stock Up 0.7 %

The company’s fifty day simple moving average is $12.34 and its 200 day simple moving average is $12.53.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.058 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.70 dividend on an annualized basis and a yield of 6.04%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the second quarter valued at $34,000. Luken Investment Analytics LLC purchased a new stake in BlackRock MuniYield Quality Fund during the 2nd quarter valued at about $48,000. Stifel Financial Corp bought a new stake in BlackRock MuniYield Quality Fund during the 3rd quarter valued at about $187,000. Clear Creek Financial Management LLC raised its holdings in BlackRock MuniYield Quality Fund by 20.7% in the third quarter. Clear Creek Financial Management LLC now owns 15,143 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,600 shares during the last quarter. Finally, Primoris Wealth Advisors LLC lifted its stake 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 worth $531,000 after buying an additional 21,000 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 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.