BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Get Free Report) shares passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $10.42 and traded as high as $10.50. BlackRock MuniYield Quality Fund shares last traded at $10.4850, with a volume of 862,971 shares traded.
BlackRock MuniYield Quality Fund Price Performance
The firm has a 50 day moving average of $10.42 and a two-hundred day moving average of $11.19.
BlackRock MuniYield Quality Fund Dividend Announcement
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 paid a dividend of $0.0580 per share. The ex-dividend date is Friday, December 11th. This represents a $0.70 dividend on an annualized basis and a yield of 6.6%.
Institutional Investors Weigh In On BlackRock MuniYield Quality Fund
Several hedge funds have recently added to or reduced their stakes in MQY. Allied Private Wealth LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund in the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of BlackRock MuniYield Quality Fund during the second quarter valued at $27,000. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock MuniYield Quality Fund in the 1st quarter worth about $34,000. Ballast Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund in the 1st quarter worth about $35,000. Finally, Fifth Third Bancorp purchased a new position in shares of BlackRock MuniYield Quality Fund in the 1st quarter worth about $54,000. 25.51% of the stock is owned by institutional investors.
About BlackRock MuniYield Quality Fund
BlackRock MuniYield Quality Fund, Inc is a closed-end management investment company listed on the New York Stock Exchange under the symbol MQY. The fund is designed to provide investors with current income that is generally exempt from regular U.S. federal income tax, while also pursuing long-term capital appreciation as a secondary objective.
The fund invests primarily in a diversified portfolio of municipal obligations issued by states, cities, counties and other governmental entities in the United States and their agencies or authorities.
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