Concorde Asset Management LLC Takes $502,000 Position in BlackRock MuniYield Quality Fund, Inc. $MQY

Concorde Asset Management LLC acquired a new position in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 45,476 shares of the financial services provider’s stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC raised its position in BlackRock MuniYield Quality Fund by 6.2% during the fourth quarter. Clear Creek Financial Management LLC now owns 17,111 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 1,000 shares in the last quarter. Primoris Wealth Advisors LLC boosted its holdings in shares of BlackRock MuniYield Quality Fund by 2.2% in the 4th quarter. Primoris Wealth Advisors LLC now owns 46,101 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 1,001 shares in the last quarter. World Investment Advisors boosted its holdings in shares of BlackRock MuniYield Quality Fund by 19.3% in the 4th quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 2,190 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the 4th quarter valued at about $32,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund during the 4th quarter valued at about $32,000. 25.51% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Price Performance

Shares of NYSE MQY opened at $11.20 on Friday. BlackRock MuniYield Quality Fund, Inc. has a 1-year low of $10.84 and a 1-year high of $11.94. The stock’s 50-day moving average is $11.45 and its 200 day moving average is $11.46.

BlackRock MuniYield Quality Fund Dividend Announcement

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

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.