BlackRock MuniYield Quality Fund (NYSE:MQY) Stock Crosses Below 200-Day Moving Average – Should You Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-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 Trading Up 1.3%

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

BlackRock MuniYield Quality Fund Dividend Announcement

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

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund

Several hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in shares of BlackRock MuniYield Quality Fund by 7.4% during 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. Goldman Sachs Group Inc. bought a new stake in BlackRock MuniYield Quality Fund in the 1st quarter worth approximately $594,000. Cetera Investment Advisers boosted its stake in BlackRock MuniYield Quality Fund by 20.6% in the second quarter. Cetera Investment Advisers now owns 28,876 shares of the financial services provider’s stock worth $321,000 after buying an additional 4,939 shares in the last quarter. Raymond James Financial Inc. grew its position in BlackRock MuniYield Quality Fund by 22.1% during the second quarter. Raymond James Financial Inc. now owns 284,228 shares of the financial services provider’s stock valued at $3,158,000 after acquiring an additional 51,402 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in BlackRock MuniYield Quality Fund during the second quarter valued at approximately $236,000. Institutional investors 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.