BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Strong Trading Volume – Time to Buy?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) saw an uptick in trading volume on Tuesday . 256,189 shares changed hands during trading, an increase of 62% from the previous session’s volume of 158,337 shares.The stock last traded at $11.57 and had previously closed at $11.72.

BlackRock MuniYield Quality Fund Stock Performance

The firm has a 50 day simple moving average of $12.50 and a 200 day simple moving average of $12.56.

BlackRock MuniYield Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.058 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.70 dividend on an annualized basis and a yield of 5.96%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter valued at about $34,000. Luken Investment Analytics LLC purchased a new stake in BlackRock MuniYield Quality Fund during the second quarter worth $48,000. Stifel Financial Corp purchased a new stake in shares of BlackRock MuniYield Quality Fund during the third quarter valued at about $187,000. Clear Creek Financial Management LLC lifted its position in BlackRock MuniYield Quality Fund by 20.7% during the third quarter. Clear Creek Financial Management LLC now owns 15,143 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Primoris Wealth Advisors LLC grew its stake in BlackRock MuniYield Quality Fund by 56.0% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 19,500 shares of the financial services provider’s stock worth $239,000 after buying an additional 7,000 shares during the last quarter. 25.51% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniYield Quality Fund

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.