BlackRock MuniYield Quality Fund (NYSE:MQY) Stock Price Down 0% – Here’s What Happened
by Doug Wharley · The Cerbat GemBlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Get Free Report)’s stock price was down 0% during mid-day trading on Monday . The stock traded as low as $11.57 and last traded at $11.5950. Approximately 118,067 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 356,731 shares. The stock had previously closed at $11.60.
BlackRock MuniYield Quality Fund Trading Down 0.0%
The firm has a fifty day moving average price of $11.40 and a 200 day moving average price of $11.33.
BlackRock MuniYield Quality Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.0%.
Institutional Trading of BlackRock MuniYield Quality Fund
Hedge funds and other institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC raised its position in shares of BlackRock MuniYield Quality Fund by 19.2% during the 2nd quarter. Anchor Investment Management LLC now owns 7,131 shares of the financial services provider’s stock valued at $79,000 after buying an additional 1,150 shares during the period. Bank of Montreal Can increased its stake in BlackRock MuniYield Quality Fund by 6.3% during the second quarter. Bank of Montreal Can now owns 32,120 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 1,904 shares during the last quarter. First Horizon Corp purchased a new stake in BlackRock MuniYield Quality Fund in the third quarter valued at $34,000. NewEdge Advisors LLC lifted its stake in shares of BlackRock MuniYield Quality Fund by 7.4% in the 1st quarter. NewEdge Advisors LLC now owns 45,824 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 3,168 shares during the last quarter. Finally, Polar Asset Management Partners Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund by 1.5% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 261,764 shares of the financial services provider’s stock valued at $3,050,000 after purchasing an additional 3,994 shares during the last quarter. Institutional investors and hedge funds own 25.51% of the company’s stock.
About BlackRock MuniYield Quality Fund
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.