BlackRock MuniYield Quality Fund (NYSE:MQY) Hits New 52-Week Low – Time to Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) reached a new 52-week low on Friday . The stock traded as low as $10.84 and last traded at $10.8450, with a volume of 335599 shares. The stock had previously closed at $10.88.

BlackRock MuniYield Quality Fund Price Performance

The stock has a 50-day simple moving average of $11.33 and a 200-day simple moving average of $11.38.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund

A number of hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of BlackRock MuniYield Quality Fund by 117.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,321 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,255 shares during the period. Allied Private Wealth LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $25,000. World Investment Advisors grew its position in shares of BlackRock MuniYield Quality Fund by 19.3% during the 4th quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock worth $153,000 after buying an additional 2,190 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $32,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 25.51% of the company’s stock.

About BlackRock MuniYield Quality Fund

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.