Chicago Partners Investment Group LLC Takes $983,000 Position in BlackRock MuniYield Quality Fund, Inc. $MQY

Chicago Partners Investment Group LLC bought a new stake in BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,957 shares of the financial services provider’s stock, valued at approximately $983,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Clear Creek Financial Management LLC boosted its position in BlackRock MuniYield Quality Fund by 6.2% in the 4th quarter. Clear Creek Financial Management LLC now owns 17,111 shares of the financial services provider’s stock valued at $193,000 after buying an additional 1,000 shares during the period. Primoris Wealth Advisors LLC boosted its stake in BlackRock MuniYield Quality Fund by 2.2% in the fourth quarter. Primoris Wealth Advisors LLC now owns 46,101 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 1,001 shares in the last quarter. World Investment Advisors grew its stake in BlackRock MuniYield Quality Fund by 19.3% during the 4th quarter. World Investment Advisors now owns 13,512 shares of the financial services provider’s stock worth $152,000 after buying an additional 2,190 shares during the last quarter. Global Retirement Partners LLC acquired a new position in BlackRock MuniYield Quality Fund during the 4th quarter valued at approximately $32,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund during the fourth quarter worth $32,000. 25.51% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund Price Performance

Shares of MQY stock opened at $11.56 on Friday. BlackRock MuniYield Quality Fund, Inc. has a fifty-two week low of $10.78 and a fifty-two week high of $11.94. The stock’s 50-day simple moving average is $11.43 and its 200-day simple moving average is $11.46.

BlackRock MuniYield Quality Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.058 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

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.