BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $10.60 and last traded at $10.5650, with a volume of 100912 shares trading hands. The stock had previously closed at $10.70.
BlackRock MuniYield Quality Fund Trading Down 1.0%
The firm has a fifty day simple moving average of $11.27 and a 200-day simple moving average of $11.36.
Institutional Trading of BlackRock MuniYield Quality Fund
Several institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC increased its holdings in BlackRock MuniYield Quality Fund by 223.8% in the first quarter. Rivernorth Capital Management LLC now owns 7,899,355 shares of the financial services provider’s stock valued at $86,735,000 after buying an additional 5,459,910 shares during the last quarter. Bank of America Corp DE bought a new position in BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $21,090,000. Rareview Capital LLC bought a new position in BlackRock MuniYield Quality Fund during the 1st quarter worth approximately $4,930,000. Cura Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund in the 2nd quarter worth approximately $3,120,000. Finally, Cetera Investment Advisers grew its position in shares of BlackRock MuniYield Quality Fund by 500.5% in the 1st quarter. Cetera Investment Advisers now owns 313,561 shares of the financial services provider’s stock worth $3,443,000 after acquiring an additional 261,344 shares in the last quarter. 25.51% of the stock is 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.
See Also
- Five stocks we like better than BlackRock MuniYield Quality Fund
- GameStop’s Comeback Case Is Getting Interesting, But eBay Still Looks Stronger
- Why Braze’s Guidance Miss May Be a Gift for Investors
- This Corner of the Market Is Outperforming the Benchmark—And It’s Not AI
- Victoria’s Secret’s Comeback Is Real—The Stock’s Problem Is Different
Receive News & Ratings for BlackRock MuniYield Quality Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniYield Quality Fund and related companies with MarketBeat.com's FREE daily email newsletter.
