BlackRock MuniYield Quality Fund (NYSE:MQY) Sees Large Volume Increase - Should You Buy?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 96,855 shares changed hands during trading, a decline of 42% from the previous session's volume of 167,432 shares.The stock last traded at $11.53 and had previously closed at $11.44.

BlackRock MuniYield Quality Fund Price Performance

The firm has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $12.53.

BlackRock MuniYield Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid 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 6.04%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

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

BlackRock MuniYield Quality Fund Company Profile

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.