UBS Group AG Cuts Stake in BlackRock MuniYield Quality Fund, Inc. $MQY

UBS Group AG reduced its holdings in shares of BlackRock MuniYield Quality Fund, Inc. (NYSE:MQY) by 6.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 842,244 shares of the financial services provider’s stock after selling 56,757 shares during the period. UBS Group AG’s holdings in BlackRock MuniYield Quality Fund were worth $9,517,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its stake in BlackRock MuniYield Quality Fund by 35.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,428,403 shares of the financial services provider’s stock worth $16,141,000 after buying an additional 370,808 shares during the period. Stratos Wealth Partners LTD. increased its stake in BlackRock MuniYield Quality Fund by 17.4% during the 4th quarter. Stratos Wealth Partners LTD. now owns 53,948 shares of the financial services provider’s stock worth $610,000 after buying an additional 8,000 shares during the period. Dakota Wealth Management purchased a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $171,000. Moody National Bank Trust Division purchased a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $113,000. Finally, Westview Management dba Westview Investment Advisors purchased a new stake in BlackRock MuniYield Quality Fund during the 4th quarter worth approximately $121,000. 25.51% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund Trading Down 1.1%

NYSE MQY opened at $11.24 on Friday. BlackRock MuniYield Quality Fund, Inc. has a 52 week low of $10.78 and a 52 week high of $11.94. The firm has a 50 day moving average of $11.34 and a two-hundred day moving average of $11.46.

BlackRock MuniYield Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Monday, June 15th.

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.