BlackRock MuniYield Quality Fund (NYSE:MQY) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.44 and traded as low as $11.09. BlackRock MuniYield Quality Fund shares last traded at $11.1550, with a volume of 371,302 shares trading hands.

BlackRock MuniYield Quality Fund Stock Down 0.0%

The company’s 50 day simple moving average is $11.29 and its two-hundred day simple moving average is $11.44.

BlackRock MuniYield Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a $0.058 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Several institutional investors have recently bought and sold shares of MQY. Rivernorth Capital Management LLC boosted its stake in BlackRock MuniYield Quality Fund by 223.8% in the first quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock valued at $86,735,000 after acquiring an additional 5,459,910 shares in the last quarter. Bank of America Corp DE boosted its stake in BlackRock MuniYield Quality Fund by 220.5% in the first quarter. Bank of America Corp DE now owns 1,715,834 shares of the financial services provider’s stock valued at $18,840,000 after acquiring an additional 1,180,482 shares in the last quarter. Rareview Capital LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the first quarter worth $4,930,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund by 35.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock worth $16,141,000 after buying an additional 370,808 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of BlackRock MuniYield Quality Fund by 500.5% during the first 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 during the period. 25.51% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Company Profile

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.