BlackRock MuniYield Quality Fund (NYSE:MQY) Share Price Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• MQY shares moved above their 50-day moving average, reaching $10.50 and last trading at $10.4850. The 50-day average is $10.42, while the 200-day average is higher at $11.19.
• The fund announced a monthly dividend of $0.058 per share, equivalent to $0.70 annually and a 6.6% yield. The dividend is payable December 22 to shareholders of record as of December 11.
• Institutional ownership stands at 25.51%, with notable buying from RiverNorth Capital Management, Bank of America, VanEck Associates, Rareview Capital, and Cetera Investment Advisers.

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) 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.

BlackRock MuniYield Quality Fund Stock Performance

The firm's 50 day moving average is $10.42 and its 200 day moving average is $11.19.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.0580 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, December 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its position in BlackRock MuniYield Quality Fund by 223.8% during the 1st 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 during the period. Bank of America Corp DE bought a new stake in BlackRock MuniYield Quality Fund during the second quarter worth about $21,090,000. Van ECK Associates Corp boosted its stake in BlackRock MuniYield Quality Fund by 2.6% during the second quarter. Van ECK Associates Corp now owns 1,194,747 shares of the financial services provider's stock worth $13,859,000 after acquiring an additional 30,234 shares in the last quarter. Rareview Capital LLC bought a new stake in BlackRock MuniYield Quality Fund during the first quarter worth about $4,930,000. Finally, Cetera Investment Advisers grew its holdings in BlackRock MuniYield Quality Fund by 500.5% in the first quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider's stock worth $3,443,000 after purchasing an additional 261,344 shares during the period. Hedge funds and other institutional investors own 25.51% of the company's stock.

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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