BlackRock MuniYield Quality Fund (NYSE:MQY) Sets New 12-Month Low – Should You Sell?

BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) shares hit a new 52-week low on Friday . The company traded as low as $10.84 and last traded at $10.8450, with a volume of 335599 shares changing hands. The stock had previously closed at $10.88.

BlackRock MuniYield Quality Fund Stock Performance

The company’s 50-day moving average price is $11.32 and its 200-day moving average price is $11.38.

Institutional Trading of BlackRock MuniYield Quality Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of BlackRock MuniYield Quality Fund by 117.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,321 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,255 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth about $25,000. World Investment Advisors lifted its stake in BlackRock MuniYield Quality Fund by 19.3% during the fourth quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 2,190 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in BlackRock MuniYield Quality Fund during the fourth quarter worth approximately $32,000. Finally, Garton & Associates Financial Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund in the fourth quarter valued at approximately $32,000. 25.51% of the stock is currently owned by institutional investors and hedge funds.

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.