Mutual Advisors LLC Has $1 Million Holdings in BlackRock MuniYield Quality Fund, Inc. $MQY

Mutual Advisors LLC cut its position in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 35.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,717 shares of the financial services provider’s stock after selling 48,100 shares during the period. Mutual Advisors LLC’s holdings in BlackRock MuniYield Quality Fund were worth $1,003,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp bought a new position in shares of BlackRock MuniYield Quality Fund in the third quarter worth about $34,000. Nomura Holdings Inc. bought a new position in shares of BlackRock MuniYield Quality Fund in the second quarter worth about $111,000. Wealth Alliance LLC bought a new position in shares of BlackRock MuniYield Quality Fund in the third quarter worth about $116,000. Moody National Bank Trust Division bought a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth about $113,000. Finally, Westview Management dba Westview Investment Advisors bought a new position in shares of BlackRock MuniYield Quality Fund in the fourth quarter worth about $121,000. 25.51% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund Stock Down 0.8%

Shares of NYSE MQY opened at $11.20 on Tuesday. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $10.78 and a 1-year high of $11.94. The company has a 50-day moving average of $11.40 and a two-hundred day moving average of $11.47.

BlackRock MuniYield Quality Fund Dividend Announcement

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

BlackRock MuniYield Quality Fund 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.