BlackRock MuniYield Quality Fund (NYSE:MQY) Stock Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• Price/Technical: MQY crossed below its 50-day moving average ($11.62), last traded at $11.1560 (intraday low $11.13) and was down about 1.2%, versus a 200-day average of $11.54.
• Dividend: The fund declared a monthly dividend of $0.058 payable July 1 (record/ex-dividend June 15), implying roughly a 6.2% annualized yield.
• Fund profile & ownership: MQY is a closed-end fund investing in investment-grade municipal bonds (may use leverage) and institutional investors own about 25.51% of the shares, with several firms recently increasing positions.

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.62 and traded as low as $11.13. BlackRock MuniYield Quality Fund shares last traded at $11.1560, with a volume of 317,603 shares.

BlackRock MuniYield Quality Fund Stock Down 1.2%

The firm has a 50 day simple moving average of $11.62 and a two-hundred day simple moving average of $11.54.

BlackRock MuniYield Quality Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC grew its holdings in BlackRock MuniYield Quality Fund by 3.0% during the fourth quarter. Guggenheim Capital LLC now owns 1,557,152 shares of the financial services provider's stock valued at $17,596,000 after purchasing an additional 45,356 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock MuniYield Quality Fund by 35.1% in 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 purchasing an additional 370,808 shares during the period. Cornerstone Advisory LLC raised its holdings in BlackRock MuniYield Quality Fund by 1.3% in the third quarter. Cornerstone Advisory LLC now owns 1,095,690 shares of the financial services provider's stock worth $12,765,000 after purchasing an additional 13,826 shares during the period. Wells Fargo & Company MN boosted its position in shares of BlackRock MuniYield Quality Fund by 6.3% during the fourth quarter. Wells Fargo & Company MN now owns 930,683 shares of the financial services provider's stock worth $10,517,000 after purchasing an additional 54,787 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of BlackRock MuniYield Quality Fund by 18.2% during the fourth quarter. Van ECK Associates Corp now owns 544,362 shares of the financial services provider's stock worth $6,151,000 after purchasing an additional 83,767 shares in the last quarter. Institutional investors own 25.51% of the company's stock.

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.

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