BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.60 and last traded at $10.5650, with a volume of 100912 shares. The stock had previously closed at $10.70.
BlackRock MuniYield Quality Fund Price Performance
The company’s fifty day moving average price is $11.27 and its 200 day moving average price is $11.36.
Hedge Funds Weigh In On BlackRock MuniYield Quality Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allied Private Wealth LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the 2nd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in BlackRock MuniYield Quality Fund during the 2nd quarter valued at approximately $27,000. Global Retirement Partners LLC bought a new position in BlackRock MuniYield Quality Fund during the 4th quarter worth $32,000. Garton & Associates Financial Advisors LLC bought a new position in BlackRock MuniYield Quality Fund during the 4th quarter worth $32,000. Finally, Geneos Wealth Management Inc. acquired a new stake in BlackRock MuniYield Quality Fund in the first quarter worth $34,000. 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.
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